www.varchev.com

CHF/JPY: Good levels of short positions

CHF/JPY: Daily schedule – downtrend
Price below diagonal resistance
Price aciton: Dodge and 2 equal tics, false breakout of diagonal resistance – possibly drop

indicators:
50/200MА: 50 under 200, a price below 50 – negative signal
CII (50) below 0 – downward movement remains in force

SL: 105.450

Alternative scenario: If the price crosses above the shadows of the past 2 bars, it will spoil the negative trend.

Jr_Trader_I_Ivanov


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance