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WaveSavvyTrades
May 14, 2021 2:46 AM

Resistance zone + Stoch&RSI overbought + Rising wedge Short

CHF/JPYOANDA

Description

Looking good for possible short to about the 200 daily SMA.

This is not a financial advise. This is my way of sharing my trade ideas with the community. Any decision you make from this is entirely yours and has nothing to do with me.
Comments
Groggu
This pair is irritating.. behaves opposite.. every damn time ..
WaveSavvyTrades
@Groggu I agree with you on that. If the market decide to take this further up it will may become the easiest trade to make. Probably short in smaller lots.
Groggu
@VandycKing just want to close open position and stop with this pair until COVID vaccinations
WaveSavvyTrades
@Groggu If you feel that in your guts then go for it. On my side here, I added more sells at 121.35 and I will add more if it gets to 122 and 122.5. But I doubt it will go that high- price is still in the wedge. Will only turn bullish in my opinion if it breaks the wedge. However, I am not taking anything out. I am managing risk too.
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