ForecastCity
Long

Don't miss the great buy opportunity in CHFJPY

FX:CHFJPY   Swiss Franc / Japanese Yen
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (109.7). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.

Take Profits:
TP1= @ 111.00
TP2= @ 111.50
TP3= @ 112.40

SL= Break below S2
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Comments

looks very clean!
+3 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks. we hope you enjoy it.
+1 Reply
Very nice analysis man
+3 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks for your comment on this idea.
+1 Reply
;-)
+3 Reply
ForecastCity Pro_Trader_007
+1 Reply
hi, Why nick line is a decline line? nick line usually should be a horizontal line, not declined line!
+2 Reply
ForecastCity FlyToSky1
@FlyToSky1, Thanks for your comment. we hope you enjoy this TA.
+1 Reply
Thank You for sharing!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You're welcome!🙏 we're glad you enjoyed it.
+1 Reply
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