CHFJPY: Short Trade Explained Short

Swiss Franc/Japanese YenFXCM

Description

⋅ Dec 14, 2020 2:45 PM

CHFJPY is retesting a trend line that was broken on Friday.

On hourly, the price has formed a tiny double top pattern and just broken its horizontal neckline.
I am bearish biased on the pair and expect a move to the downside.

Goals:
116.7
116.5

Comments

VasilyTrader

⋅ Dec 14, 2020 2:45 PM

Do you agree with my short?

sdawood14

⋅ Dec 15, 2020 8:31 AM

Hi All...it makes sense to go down but it's becoming very boaring that it's just keep going up....any idea???

abhivik

⋅ Dec 14, 2020 5:45 PM

I went with the long. We are looking at the formation of a new high. Target high is much higher 119.320 is the extended target high i'm looking at.

VasilyTrader

⋅ Dec 14, 2020 9:15 PM

@abhivik, good idea!

yomovam879

⋅ Dec 14, 2020 5:04 PM

Shorted

yomovam879

⋅ Dec 14, 2020 4:46 PM

Went trough 300

yomovam879

⋅ Dec 14, 2020 4:42 PM

Whats your SL?