Chfjpyshort
CHF/JPY Possible Short OpportunityGood morning Traders,
let's continue today with more positive results, just like yesterday.
We can see CHF/JPY on 4H chart that the price is bounced of the Resistance of a Descending Channel giving us a opportunity to open short position right away as we believe it is sign of that price will go down.
Entry - SELL @ 110.433
TP1 - 109.933
TP2 - 109.433
SL - 110.933
Good luck !
share me what you think for this pair i would heavily depend on fundamental analysis for this pair and am willing to take my action short it or going
according to this week candle either a sign for bounce and short or to hold for another round
am totally lost here so i would appreciate if you share me what you think
chfjpy trade setupthere is both ascendinf triangle on 4h chart and a bullish butterfly on daily chart. daily closing is important. blue box is the descendind triangle target. I will update the chart (butterfly tp) if it reaches the prz zone.first I open the short position first , the if it reach the blue lines I will look for a long position