Ok finally we have a Daily SELL signal on my indicator as per my post on the 07/09/2022 were in my analysis of the CHFJPY I was looking for a signal to sell above 146 as we entered a long term SUPPLY/SELL zone.
This pair has rallied pretty hard since I posted that analysis and there has been no signs of it slowing down till today after it broke the 150 mark yesterday finally the indicator has give a SELL signal allowing me to enter the market for the long term idea
My first target will be the current trend's previous HIGH at 144 which was taken out last week on the way to 150 the is also a weekly DEMAND/BUY zone around the 141.5 - 140 area which the market may target break of this zone will allow the market to drop down towards the 134 long term target.
For now will target 144 or slightly below stop loss is well above the current trends HIGH above 153 refer to my previous post for detailed analysis
This pair has rallied pretty hard since I posted that analysis and there has been no signs of it slowing down till today after it broke the 150 mark yesterday finally the indicator has give a SELL signal allowing me to enter the market for the long term idea
My first target will be the current trend's previous HIGH at 144 which was taken out last week on the way to 150 the is also a weekly DEMAND/BUY zone around the 141.5 - 140 area which the market may target break of this zone will allow the market to drop down towards the 134 long term target.
For now will target 144 or slightly below stop loss is well above the current trends HIGH above 153 refer to my previous post for detailed analysis
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