VasilyTrader

CHFJPY May Drop! Daily TF Analysis

Short
FX:CHFJPY   Swiss Franc / Japanese Yen

hey traders,

after breaking below the support of a symmetrical triangle
the market has retraced and now it is retesting the broken support.

broken support matches perfectly with a horizontal structure resistance level 109.6

I believe that bets are very high that we will see a bearish continuation in the direction of the recent breakout.

The initial target is 109.0

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.