Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (147.220).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 146.431
TP2= @ 145.893
TP3= @ 145.210
TP4= @ 144.310
TP5= @ 143.516
SL: Break Above R2
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Trade well, â€ïž
ForecastCity English Support Team â€ïž
". There is still a possibility of temporary retracement to the suggested resistance line (147.220).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 146.431
TP2= @ 145.893
TP3= @ 145.210
TP4= @ 144.310
TP5= @ 143.516
SL: Break Above R2
â€ïž If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the đ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
â€ïž Your Support is very much đ appreciated!â€ïž
đ Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, â€ïž
ForecastCity English Support Team â€ïž