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robinhoood
May 20, 2023 12:09 AM

CHFJPY Short

Swiss Franc/Japanese YenFXCM

Description

I am looking to sell at 152.050 with a stop-loss at 152.550 and a take-profit at 148.000. The price has recently broken out but is currently experiencing a retracement. Additionally, the JPY index is nearing Fibonacci levels, which I anticipate will lead to a reversal.
Comments
Jamal92
Fundamentals are still poor for the yen.
robinhoood
@Jamal92, Yeah thought of it/ Only react on how the market reacts as you can see it is still bullish, let it turn bearish. then only you think of getting the right place of entry in the smaller time frame.
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