CHFJPY May Drop! Daily TF Analysis Short

Swiss Franc/Japanese YenFXCM

Description

⋅ Nov 28, 2019 9:48 AM

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

Comments

Shingi_Lesetedi

⋅ Nov 28, 2019 1:51 PM

Trendline retest aligns with 61.8

ProTraderNataliaRUS

⋅ Nov 28, 2019 8:23 PM

Good view !

VasilyTrader

⋅ Nov 28, 2019 9:49 AM

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