CHFJPY retracement detected !
Base on our analysis. we found out that ChfJpy may retrace to 120.300 support zone or even to 119.400.
as the chart above, we can see that a bull run of CHFJPY hit the resistant level at 124.600 and started to retrace back. We do believe that ChfJpy will retrace according to our prediction. a sell limit position can be set at 124.500 or we can set a immediate sell position at the current price.
Stop loss price can be set at 125.600.
Trading on forex market can make a huge profit or loss, we must make sure our open position lot size not exceed our equity sustainable limit.
as the chart above, we can see that a bull run of CHFJPY hit the resistant level at 124.600 and started to retrace back. We do believe that ChfJpy will retrace according to our prediction. a sell limit position can be set at 124.500 or we can set a immediate sell position at the current price.
Stop loss price can be set at 125.600.
Trading on forex market can make a huge profit or loss, we must make sure our open position lot size not exceed our equity sustainable limit.
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