TradingView
UnknownUnicorn8360477
Apr 6, 2021 6:10 PM

Look Out for Potential Short on CHFJPY Short

FOREXCOM:CHFJPY240
Swiss Franc / Japanese YenFOREX.com

Description

⋅
Price is range bound. Looking for potential short on the upper bound of the range.
Support and Resistance
Comments
UnknownUnicorn8360477
⋅
It’s still valid at the moment. It hasn’t broke the trend. Currently, price is at the top of the range. Waiting for small consolidation/ reduce in momentum, then look for the short opportunity. Hope that helps.
goldpickle
⋅
@hdivannia, looks as though things are going as smooth
UnknownUnicorn8360477
⋅
@amirazfaraznan yup, let’s see how this plays out.
goldpickle
⋅
@hdivannia, few more pips to breach the trend
UnknownUnicorn8360477
⋅
@amirazfaraznan not yet. I bounced off the trend line.
goldpickle
⋅
@hdivannia, so, we do we go from here. rejection again at 118.3?
UnknownUnicorn8360477
⋅
@amirazfaraznan yes. Looked like it formed a double top and it is rejecting the level now.
watchtrend
⋅
Nice idea
UnknownUnicorn8360477
⋅
@watchtrend, Thank you :)
itsmejj03
⋅
Nit valid now right? It broke the trend line you draw
More