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ForecastCity
9. Jul. 2020 18:02

Don't miss the great sell opportunity in CHFJPY Short

Swiss Franc/Japanese YenFXCM

Beschreibung

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (114.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45

SL: Break Above R2

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Kommentare
Shiva_forex
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
ForecastCity
@Shiva_forex, Thank you for your comment 🍀
Crycry
Great! exactly like my analysis. Good luck to both of us.
ForecastCity
@Crycry, Thank you for your comment 🍀 We appreciate it 🍀 💙
irshadcm96
@Crycry, u are great
Crycry
@irshadcm96, thank you! But theres always ways to improve and get better!
ForecastCity
@irshadcm96, 💙💎🍀
UnknownUnicorn9474464
Hello,
is there any chance that it will go down again?
ForecastCity
@Raihanairah5896, Thanks for your comment. It is a temporary retracement to suggested resistance line (114.3) as it was expected.
fxniki
Thank you for sharing this amazing forecast with us.🥰 👍🙏
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