CHFJPY Bearish on Daily timeframe
Comment:
CHFJPY Daily timeframes shows a potential downtrend by below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) are down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market is breaking the previous support/resistance on 118.74 level. If it breaks that level, the target will be on 117.54. But if it bounces this time, then market will go up to the descending trend line and continues to go bearish afterwards.
CHFJPY Daily timeframes shows a potential downtrend by below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) are down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market is breaking the previous support/resistance on 118.74 level. If it breaks that level, the target will be on 117.54. But if it bounces this time, then market will go up to the descending trend line and continues to go bearish afterwards.
Forex Kei
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Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
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