CHFJPY: Consolidation & Complete Indecision 🇨🇭🇯🇵

7 thg 12, 2021

CHFJPY is consolidating for three trading weeks.
The market is stuck within a narrow consolidation trading range.
122.14 - 122.45 is its support.
123.5 - 123.8 is its resistance.

To catch a bearish continuation,
wait for a bearish breakout of the underlined support.
Then short on a retest.
Your next goal will be 121.25 level

To catch a bullish move,
let the price break the underlined blue resistance.
Then consider a retest entry with 124.45 next goal.

What do you expect?

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8 thg 12, 2021

Ghi chú

Check my new idea on EURJPY: