CHF/JPY Day Trading Analysis 📋

Swiss Franc/Japanese YenFXCM

Description

⋅ May 17, 2021 11:16 AM

On CHF/JPY is nice to see strong buying reaction from the price 120.270, there is nice to see strong volume areas....

Where is lot of contract accumulated...

I thing that buyers from this area will be defend this long position...

and when the price come back to this area, strong buyers will be push up the market again...

Uptrend + Strong buying activity + Strong volume area is my mainly reason for this long trade....

Happy trading

Dale

Comments

t20trader90147

⋅ May 17, 2021 11:19 AM

Thank your posts - much appreciated! Please would you look at GBPJPY and GBPNZD? Cheers.

Trader_Dale

⋅ May 21, 2021 3:00 PM

@t20trader90147, thank you! Will surely do so soon.

Trader_Dale

⋅ May 21, 2021 3:01 PM

@t20trader90147, actually I was too fast with my last answer, sorry. I'm not trading GBP much, it's a bit too wild for me. If I do sometimes, it'll probably be GBP/USD.

t20trader90147

⋅ May 21, 2021 8:27 PM

@Trader_Dale, No worries. Have a great weekend!