Hello Traders!
CHFJPY reached a mass psychology at 138.917 since 2015 and currently ranging above it with a corrective behavior.
We might see in the long term an upside move heading towards the upper trend line at 157.000 level.
I personally took my short position on CHFJPY as a hover / double top (15 mins chart) at 143.292 level.
Given that the price of CHFJPY been ranging below 144.000 level since 29 June 2022.
I am interested to take short positions instead of longs in this area.
Wait for the right pattern before executing.
Patience is key.
#THEPRIMES
CHFJPY reached a mass psychology at 138.917 since 2015 and currently ranging above it with a corrective behavior.
We might see in the long term an upside move heading towards the upper trend line at 157.000 level.
I personally took my short position on CHFJPY as a hover / double top (15 mins chart) at 143.292 level.
Given that the price of CHFJPY been ranging below 144.000 level since 29 June 2022.
I am interested to take short positions instead of longs in this area.
Wait for the right pattern before executing.
Patience is key.
#THEPRIMES