Short idea for CHF/JPY as price has reached an area of resistance at the 117.15 level.
Following confirmation of bearish rejection at this level as well as signals from the MACD and RVI, I will take a short position.
Price will likely return to support at 116.30 where I will close and take profits.
(Caution at the 200 day EMA where this may act as support).
Following confirmation of bearish rejection at this level as well as signals from the MACD and RVI, I will take a short position.
Price will likely return to support at 116.30 where I will close and take profits.
(Caution at the 200 day EMA where this may act as support).
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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.