CHFJPY 1hr/15mins chart Technical Analysis:SELL TRADE

Stop: 116.368

Profit: 115.616

Entry price:116.072

There is a possible sell coming for the CHJPY.

Reasons for taking the trade.

  • New York Session was able to break the Asian Session& London session; that shows power of the break.
  • The market should struggle retracing to the overall break of the two sessions.
  • Should have a high volume when the reversal happens at the overall break of the sessions.
  • Lets wait and see if the market will play out as anticipated.

OUTCOME (updated on 7th Aug 2020

Paul Mukara
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