CHFJPY is in a very great place to look for shorts. We have multiple tells indicating that CHFJPY may drop heavily from the double region. If we don't get a reaction from the double top, look for a reaction near the upper trendline.
The risk to reward on this is insane if you got the ability to hold. It will pay off!
On the weekly we have a simple Impulse, ABC correction, Impulse:
The long term swing TP for this would be the same length as the first impulse which is 3000pips.
To learn how to identify these trades and know how and when to enter, see the links below.
we will wait for new analysis next week thank you Mr. Wick
kimozelghonemy
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niceee
Touqeer87
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excellent
luusongkhang5495
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It's still move up, bullish trend in H1 H4 go so far just sideway on top and move up again. RSI H4 over 80 and divergence but it's still move up? WHY ???
WicktatorFX
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@luusongkhang5495, JPY still weak but we have high impact JPY news in 12 hours which will determine whether JPY pairs will reverse or not
teamabbas
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wrong
enayat1360
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@teamabbas The Prime Minister of Japan had previously warned in 2006 that if the yen increased excessively in the foreign exchange market, intervening in this market would eliminate the possibility of an excessive increase in the currency so that Japan would balance its exports and imports. They control their economy well and do not allow inflation. If you look at the chf index, you see that it hasn't changed much, and it was the unexpected jpy drop that made chfjpy rise.
thank you Mr. Wick