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Swiss Franc / Japanese Yen
Short

CHFJPY H1 SHORT PRICE ACTION FORECAST

70
The Swiss Franc started the Asian session in a strong bullish note breaking through the descending trendline, capturing unexpected traders with this swiftly move.

Reaching a resistance level, where the last two candles at the H1 domain signaling total rejection from the zone mentioned and RSI deep into the overbought territory, allows the setup of a short entry.

The order:
Type: sell-limit
S/L: 20 pips - R:R | 1:2.5 -
T/P: aiming towards the previous resistance level.

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Chart PatternsCHFJPYchfjpyforecastchfjpyshortTrend Analysis
OGFXTRADER
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸

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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.