Hi All,
Following on from my previous analysis on this pair, with price retracing a good 50% of the long pips, we are now in the position to open our new long term positions on this pair, with a swing anticipation in mind. I tend to use CHFJPY to follow the flow of price action on this pair, as we are now in a top of the range on CHFJPY and my forecast for a bearish movement in the coming days- months- years , we should bank on taking on a long position on this pair . Remember we need Dollar strength for both scenario to be successful.
Previous analysis for your ref! .
Many Thanks
Following on from my previous analysis on this pair, with price retracing a good 50% of the long pips, we are now in the position to open our new long term positions on this pair, with a swing anticipation in mind. I tend to use CHFJPY to follow the flow of price action on this pair, as we are now in a top of the range on CHFJPY and my forecast for a bearish movement in the coming days- months- years , we should bank on taking on a long position on this pair . Remember we need Dollar strength for both scenario to be successful.
Previous analysis for your ref! .
Many Thanks
Trade ativo