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ForecastCity
Jul 16, 2021 9:33 AM

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

FX:CHFJPY60
Swiss Franc/Japanese YenFXCM

Description

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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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Trend AnalysisChart PatternsTechnical IndicatorschfjpyCHFJPYchfjpyshortchfjpysell
Comments
duraigu17
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nice analysis
ForecastCity
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@duraigu17, Thank you for your comment. We appreciate it.
Sophi2018
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Looks good to me.
ForecastCity
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@Sophi2018, We're glad you like it. 😊💚
Simon_Weber
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Good market analytics and excellent chart!
ForecastCity
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@Simon_Weber, Thank you for your feedback. We appreciate it
M-G
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Guys- Always want to thank you for all your analysis. Real summer doldrums though at the moment. Times like these its good to be patient, conserve Cap and wait for the larger moves that will develop after the lag. Hope your all doing well.
ForecastCity
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@M-G, Thank you for your comment. We appreciate it.
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