💡Don't miss the great sell opportunity in CHFJPY Short

Swiss Franc/Japanese YenFXCM

Description

⋅ Jul 16, 2021 9:34 AM

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

Trader_OMS

⋅ Jul 18, 2021 11:45 AM

nice and I think

financialflagship

⋅ Jul 17, 2021 9:31 AM

Awesome chart, thank you! 👍

ForecastCity_World

⋅ Jul 17, 2021 10:42 AM

@financialflagship, You're very welcome! We hope you enjoy it.

YMGroup

⋅ Jul 16, 2021 7:30 PM

Your charts the best

ForecastCity_World

⋅ Jul 17, 2021 10:42 AM

@YMGroup, Thank you for your comment. We appreciate it.

AtlasTrades

⋅ Jul 16, 2021 6:40 PM

thank you so much for hard work

ForecastCity_World

⋅ Jul 17, 2021 10:43 AM

@AtlasTrades, You're welcome! Thank you as well for your comment.

davidgolandak

⋅ Jul 16, 2021 12:12 PM

Thanks, bro! Good work!

ForecastCity_World

⋅ Jul 16, 2021 2:11 PM

@davidgolandak, You're welcome! Thank you as well for your comment.

Megan_forex

⋅ Jul 16, 2021 11:57 AM

Thanks for your ideas.