CHFJPY | Perspective for the new week | Follow-up details
The JPY still remains the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; the appearance of multiple rejections of the 142.200 which shares a confluence with the resistance level of the descending channel identified on the higher time frame. So, I am still leaning towards a bearish bias on this pair.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
We finally have a bearish signal in the form of a breakdown of both the ascending channel and the key level at 141.600
Good Morning
Good Morning
Trade active:
Locking in some profit
Locking in some profit
Trade active:
Over 90pips in profit; Price action is been monitored as I want to see how price will relate to the 140.600 level.
Trade closed manually:
Position closed at the second rejection of 140.600 with about 85pips. I want to see what's going to happen during the UK session.
Good morning
Good morning
Trade active:
We are back at the entry zone as I expect a reversal structure right around the 141.600. Lets go!
Trade active:
Price action is back within the selling window - exactly the area where it was at the beginning of the week. Below my key level at 141.600 looks promising for selling opportunities.
Good morning
Good morning
Trade active:
It has really been a long week on this pair!
Multiple rejections of 142.000 level hold selling expectation
Good afternoon
Multiple rejections of 142.000 level hold selling expectation
Good afternoon
Trade smart. Trade consciously
