Hello Swing Traders, CHFJPY just broke down from its strong support, showing a bearish signal... guess what? swing traders are going for a shorting ride !!!! check my arrows ... know how best to enter the market... don't forget your Risk Management.
maybe a small retracement to the trendline before going down that's what I see at least
Forex_Trader21
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my two cents its a long for me. I see the support being a zone from 107.4-107.9, so for me not yet broken. and we have a daily candle with a massive lower wick with high volume, showing strong buying pressure/ rejection. either way, well see how it goes.
uceekore
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@Forex_Trader21,Okay, No problem... the Market is always right, lets wait for it to confirm either of our opinions.
Forex_Trader21
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@uceekore, i can see the short happening actually, closed my long for about a mere 50 pips gain .
FXCM
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c) Good stuff, thanks for sharing! Would appreciate any feedback you have on our idea:
uceekore
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@FXCM-EDU, quite Educative... its best to wait for the market to confirm our opinion