CHFJPY

The_Forex_Path의
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Good morning traders.

I see that CHFJPY is inside a triangle.

It could break either way. During Friday 21th of October the huge reversal has not retraced to 50% of Fibonacci, so I am expecting to see something like that.

In the break of support+trendline, a nice short entry as sell limit would be a strong setup.

However, there is a Huge liquididty left in the monthly chart - January 2015 in price area of 157.6

So, if price breaks the 4H resistance and respects the trendline along with general structure and sentiment keep the long posistions increasing,
I beleieve the pair will visit at least 155 price area.
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CHFJPYTrend Analysis
The_Forex_Path

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