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

CHF/JPYOANDA

Description

⋅ Dec 11, 2020 3:52 PM

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (117.40).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 24.

Take Profits:
TP1= @ 116.65
TP2= @ 116.35
TP3= @ 116.00
TP4= @ 115.35
TP5= @ 114.70

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️

Comments

Kristalyn

⋅ Dec 11, 2020 5:14 PM

It's so helpful. Thank you so much.

ForecastCity

⋅ Dec 11, 2020 5:47 PM

@Kristalyn, We're glad you like it.

Josef_anderson

⋅ Dec 11, 2020 4:04 PM

Excellent charting 👌

ForecastCity

⋅ Dec 11, 2020 4:19 PM

@Josef_anderson, Thanks for your kind comment. We hope you get the most profit out of it.

Kamryn

⋅ Dec 11, 2020 3:58 PM

Just in time. Thanks

ForecastCity

⋅ Dec 11, 2020 4:20 PM

@Kamryn, You're welcome.

Linger-Zhong

⋅ Dec 14, 2020 6:32 AM

Thank you so much.

AAHWAN

⋅ Dec 12, 2020 6:51 AM

that's a beautiful analysis