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NoahXBorg

CHFJPY Sell

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
NoahXBorg  
FX:CHFJPY   Swiss Franc / Japanese Yen
Support and Resistance Supply and Demand Trend Lines CHFJPY chfjpyshort chfjpyforecast chfjpyanalysis chfjpysell chfjpysetup chfjpytrade chfjpyidea chfjpy!
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supportandresistance supplyanddemand trendline chfjpy chfjpyshort chfjpyforecast chfjpyanalysis chfjpysell chfjpysetup chfjpytrade chfjpyidea chfjpy!
Wait for a break and retest of level 119.500 to go short with good bearish confirmation on H1.

Reasoning:
  • Price has made a large bullish move causing imbalance of S&D. Therefore, price is expected to fill in the imbalance.
  • Price has also rejected trendline and resistance(Blue Line)
  • Overall trend is still bearish
  • If trend were to turn bullish, it would have to retest one of the projected take profits (Worst case would be a test of level 119.500)
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