CHFJPY weekly resistance area
Hi there,
My big view on CHFJPY as follow:
CHFJPY is currently printing a weekly corrective wave B.
I can't claim that the B wave is over, only if it's makes a new weekly low to break the A wave low then I will be able to say that the B wave is more likely is over.
But, as I can see from the weekly chart, the PA is bouncing around the resistance zone (RZ), so I can sell from this zone every time then I see a sell setup.This RZ also can be violated by PA and price can go higher sharply, but as long as it is holding the RZ I am bearish on CHFJPY.
My big view on CHFJPY as follow:
CHFJPY is currently printing a weekly corrective wave B.
I can't claim that the B wave is over, only if it's makes a new weekly low to break the A wave low then I will be able to say that the B wave is more likely is over.
But, as I can see from the weekly chart, the PA is bouncing around the resistance zone (RZ), so I can sell from this zone every time then I see a sell setup.This RZ also can be violated by PA and price can go higher sharply, but as long as it is holding the RZ I am bearish on CHFJPY.
Transaction en cours
sell active 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.