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alex_k_95
Aug 31, 2022 12:32 PM

CHFJPY trade. Short

Swiss Franc/Japanese YenFXCM

Description

Hello Traders!

CHFJPY reached a mass psychology at 138.917 since 2015 and currently ranging above it with a corrective behavior.
We might see in the long term an upside move heading towards the upper trend line at 157.000 level.

I personally took my short position on CHFJPY as a hover / double top (15 mins chart) at 143.292 level.
Given that the price of CHFJPY been ranging below 144.000 level since 29 June 2022.

I am interested to take short positions instead of longs in this area.

Wait for the right pattern before executing.

Patience is key.

#THEPRIMES
Comments
JoeChampion
Do you watch banking levels?
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