Small Fall Until Correction & Further Upward Movt. ;CHFJPY
Please do significant analysis first before executing!
CHFJPY, having its previous All Time High set during the early 2015 has been crossed around June this year.
Having taken years to reach this point, arguably this trade and any other within this time frame are considered risky being against the trend, however starting from late October, prices has begun to momentarily fall.
Looking around for possible predictions, I can't say this is easily predictable as price being in a Zone that will determine its mid term downfall or long term up-rise, seeing its rejection at 150 Yen during he last days of Oct, I predict it'll fall temporarily before likely continuing upward.
Keep an eye for news as today and tomorrow are riddled with news affecting both currencies, needless to say the news could slingshot prices in either direction so do mind your MM.
Past the warnings, I hope to see it fall by 1 to 2 Yen before possible correction and readjustment towards higher levels or an unlikely nosedive caused either by news or trading action.
So, if you do decide to open this trade, please do use appropriate lots as I personally would give this prediction a solid 65%+ chance due to the current zone this trade lays, and as I said in all my past predictions, while I do not mind others benefiting from my predictions, I would hate to see others lose cause of my own, do be careful.
Recommended Order: Market Sell or around 147.5 as an Entry
Take Profit 1 : 146.745
Take Profit 2 : 146.18
R/R Ratio TP 1: 0.8
Stop Loss : 148.54
Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark.
P/S: Do Consider Adjusting The SL via ATR before letting it run.
Good Luck & Good Hunting.
CHFJPY, having its previous All Time High set during the early 2015 has been crossed around June this year.
Having taken years to reach this point, arguably this trade and any other within this time frame are considered risky being against the trend, however starting from late October, prices has begun to momentarily fall.
Looking around for possible predictions, I can't say this is easily predictable as price being in a Zone that will determine its mid term downfall or long term up-rise, seeing its rejection at 150 Yen during he last days of Oct, I predict it'll fall temporarily before likely continuing upward.
Keep an eye for news as today and tomorrow are riddled with news affecting both currencies, needless to say the news could slingshot prices in either direction so do mind your MM.
Past the warnings, I hope to see it fall by 1 to 2 Yen before possible correction and readjustment towards higher levels or an unlikely nosedive caused either by news or trading action.
So, if you do decide to open this trade, please do use appropriate lots as I personally would give this prediction a solid 65%+ chance due to the current zone this trade lays, and as I said in all my past predictions, while I do not mind others benefiting from my predictions, I would hate to see others lose cause of my own, do be careful.
Recommended Order: Market Sell or around 147.5 as an Entry
Take Profit 1 : 146.745
Take Profit 2 : 146.18
R/R Ratio TP 1: 0.8
Stop Loss : 148.54
Prediction Nullifying Requiems: Price out of bounds or beyond the 1 W mark.
P/S: Do Consider Adjusting The SL via ATR before letting it run.
Good Luck & Good Hunting.
Penafian
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