Lingrid | CHFJPY short from the RESISTANCE zone

2024年11月28日

CHFJPY is currently pulling back to the resistance after a significant bearish move. It appears that if the price fails to break above the resistance at 172.500, as well as the downward trendline that also acts as a swap zone, it could signal a strong continuation of the bearish trend. This level has been tested multiple times in the past, which highlights its importance as a resistance zone. I am waiting for the price to roll back into this resistance area. If price action gives a clear sell signal, such as a protruding long-tailed bar, it could indicate a liquidity grab above this zone. This type of price action may suggest that sellers are stepping in, and it could present a good opportunity to short the market. My goal is to support zone around 170.300


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

2024年11月29日

交易結束：目標達成