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JoeChampion
Feb 25, 2024 3:08 PM

CHFJPY Breakout and Potential Retrace Short

Swiss Franc/Japanese YenFXCM

Description

Hey Traders, in tomorrow's trading session we are monitoring CHFJPY for a selling opportunity around 171.200 zone, CHFJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 171.200 support and resistance zone.
Trade safe, Joe.
Comments
TheFxAce
Selling seems like a logical step with the market conditions you've described.
JoeChampion
@TheFxAce, Yes, CHF is quiet weak!
Setupsfx_
Great view on CHFJPY
JoeChampion
@Setupsfx_, Thanks!
ikecant
feels like for every 10 pips it goes down, it goes back up 50 - 60 pips
MerMa01
can u see a long term sell below 170?
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