Lingrid

Lingrid | CHFJPY Short from the SWING zone

Short
FX:CHFJPY   Franc suisse / Yen japonais
The price is pulling back to resistance after a massive bearish move or impulsive leg. I think that if the price falls from the resistance at 166.500 and the downward trendline and lower border of the range zone, which is the swing zone as well. The market has tested this level several times before. I am waiting for the price to roll back to the support level from the swing zone again if price action gives us a sell signal, such as a protruding long-tailed bar, meaning liquidity grab above the zone. My goal is to support 164.155.


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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