CHFJPY - 12hrs ( Short Trade Target Range 660 PIP )

🔹Hello traders, Let's review and go over analysis and strategies for CHF / JPY As we can see, price is about to break out of this bearish pattern. I am expecting a retest which we are now seeing. And after that, I'm expecting a continuation of a new downtrend. I am expecting prices to go all the way down to this trend line. Since this is where the volume profile is currently Favoriting this area. And there's also a lot of liquidity lows that needs to be taken out. Maybe in the next year price is gonna fall all the way down to the low of February 2023.

🔹NEWS : The CHFJPY pair confirmed its affection by the bearish track by moving away from 169.10 resistance line, to notice providing strong negative pressures now on the initial support at 166.60.
Note that stochastic decline below 50 level will provide the price with new negative momentum to ease the mission of breaking the mentioned support and open the way to reach the additional negative stations, to expect moving towards 165.75 level soon, followed by pressing on the MA55 near 164.90.
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Reasons VIP ☑️
Points of interest - for VIP☑️
Entry Point - VIP☑️
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⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!


⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!


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