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ForecastCity
May 15, 2020 2:01 PM

Don't miss the great buy opportunity in CHFJPY Long

Swiss Franc/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (109.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CHFJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.

Take Profits:
TP1= @ 111.00
TP2= @ 111.50
TP3= @ 112.40

SL= Break below S2
Comments
sara-kian-fx
looks very clean!
ForecastCity
@sara-kian, Thanks. we hope you enjoy it.
sara-kian-fx
Very nice analysis man
ForecastCity
@sara-kian, Thanks for your comment on this idea.
Pro_Trader_007
;-)
ForecastCity
FlyToSky1
hi, Why nick line is a decline line? nick line usually should be a horizontal line, not declined line!
ForecastCity
@FlyToSky1, Thanks for your comment. we hope you enjoy this TA.
Forecast_Crypto
Thank You for sharing!
ForecastCity
@Forecast_Crypto, You're welcome!🙏 we're glad you enjoyed it.
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