CHFJPY - Bearish Bias
CHF - Weak Bullish
1️⃣ Investors are turning to safe-haven currencies amid a negative market environment.
JPY - Strong Bullish
1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY.
Between CHF and JPY, we expect JPY is stronger.
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Technical
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We are selling CHFJPY after it turned to a downtrend.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ Investors are turning to safe-haven currencies amid a negative market environment.
JPY - Strong Bullish
1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY.
Between CHF and JPY, we expect JPY is stronger.
=====
Technical
=====
We are selling CHFJPY after it turned to a downtrend.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade active
Trade closed: stop reached
❌ TRADE HAS HIT SL-50 PIPS
However, we are still looking for an opportunity to SELL CHFJPY if we found a new setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.