Chfsetup
CHF/NOK Retrace Made, Now Turn LowerAlready short on this but it has retraced back to resistance and is now rejecting from here. More shorts can be entered with SL above the high of support and I have a target of 9.07100. There are a couple of support levels before the target which are shown on the chart, these can be used for short term profit taking and used with a swing trading strategy for lower risk.
CHF/NOK Awaiting Turn LowerLooking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100.
CHFJPY ShortAfter a close below daily support zone, I expect this pair to re-test the zone; and for the zone to hold as resistance before continuing downward. What's interesting is that the zone where the daily resistance (broken support) should be, has several confluences on the 4hr chart, that makes it a good zone to be looking at for an entry (all these confluences have been clearly drawn out)and which is where I would place a sell limit order for the short