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ForecastCity
14 oct. 2020 16:27

💡Don't miss the great sell opportunity in CHFJPY Short

FX:CHFJPY240
Swiss Franc/Japanese YenFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (115.67).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.

Take Profits:
TP1= @ 115.01
TP2= @ 114.60
TP3= @ 114.05
TP4= @ 113.25
TP5= @ 111.97

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorschfjpyCHFJPYForex
Commentaires
yusufipek1989
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Brilliant explanation. Thank you.
ForecastCity
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@yusufipek1989, You're very welcome!
SunnyHillCapital
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Well done applying all the possible scenarios and targets! Thanks for sharing!
ForecastCity
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@SunnyHillCapital, Thank you for your feedback. We appreciate it.
Mehmetozdemi
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Excellent analysis. Keep it up 👌
ForecastCity
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@Mehmetozdemi, Thank you! Hope it's inspiring.
Pro_Trader_007
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Superb! 👍
ForecastCity
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@Pro_Trader_007, Thanks for your kind comment. 💎🙏💎
Trader_Dale
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Hello ForecastCity, very nice analysis there!

It's important for us to provide people with the EXACT level to take a short, so here is it in an addition to your wonderful analysis:


Since we are looking at pretty much the same thing here, I'd appreciate your opinion on it. :)

Cheers,
-Dale
ForecastCity
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@Trader_Dale, Thanks for your kind comment.
Plus