ForecastCity

💡Don't miss the great sell opportunity in CHFJPY

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.

Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41

SL: Break Above R2

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Comments

nice analysis
+1 Reply
ForecastCity duraigu17
@duraigu17, Thank you for your comment. We appreciate it.
Reply
Looks good to me.
+1 Reply
ForecastCity Sophi2018
@Sophi2018, We're glad you like it. 😊💚
Reply
Good market analytics and excellent chart!
+1 Reply
ForecastCity Simon_Weber
@Simon_Weber, Thank you for your feedback. We appreciate it
Reply
Guys- Always want to thank you for all your analysis. Real summer doldrums though at the moment. Times like these its good to be patient, conserve Cap and wait for the larger moves that will develop after the lag. Hope your all doing well.
+1 Reply
@M-G, Thank you for your comment. We appreciate it.
Reply