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Swiss Franc / Japanese Yen
Short

CHFJPY Sell

By NoahXBorg
Wait for a break and retest of level 119.500 to go short with good bearish confirmation on H1.

Reasoning:
  • Price has made a large bullish move causing imbalance of S&D. Therefore, price is expected to fill in the imbalance.
  • Price has also rejected trendline and resistance(Blue Line)
  • Overall trend is still bearish
  • If trend were to turn bullish, it would have to retest one of the projected take profits (Worst case would be a test of level 119.500)

CHFJPYchfjpy!chfjpyanalysischfjpyforecastchfjpyideachfjpysellchfjpysetupchfjpyshortchfjpytradeSupply and DemandSupport and ResistanceTrend Lines
NoahXBorg
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