TradingView
BKTradingAcademy
Oct 18, 2023 12:54 PM

CHFJPY I Short from historical highs Short

CHF/JPYOANDA

Description

Hello,Traders!
.
.
.
.
.
CHFJPY is trading in an uptrend on all HTF's however it is retesting
the previous historical high. While shorts are risky, they are worth
considering due to changes in Yen monetary policy expected to
release soon (possibly year-end). Price is currently rejecting the trend line
resistance and there is divergence on the weekly. This is a great idea for
swing traders who have strategic risk management skills and the tolerance
to hold. SHORT!

Trade safe and good luck!

Like, comment and subscribe to help us grow!

Check out other forecasts below too!
More