CHFJPY: Price Bounced from Resistance
Here is another market where shorting looks obvious. The price bounced from the resistance zone. RSI confirmed the price reversal in the overbought zone. MACD histogram supports a downside movement.
It is possible to search for exact sell signals using the hourly timeframes with reversal and breakout signals. Stop orders must be placed above the local swing high. The profit targets should be placed at 112.00 and 108.65 support. Risk per trade must be no more than 1-2% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
It is possible to search for exact sell signals using the hourly timeframes with reversal and breakout signals. Stop orders must be placed above the local swing high. The profit targets should be placed at 112.00 and 108.65 support. Risk per trade must be no more than 1-2% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Aviso legal
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