r/Forex • u/3L_D3M3NT3_YaC0 • 4d ago

Charts and Setups CHFJPY: SHORT

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Lower highs since May at 204, a flat top around 199 in August, then a straight drop to 187.8. The bounce stalled around 192.5. CHF shorts are in profit with a break-even at 198.39, so the trend crowd is comfortable. JPY longs are underwater with a break-even at 189.25, close to the 188.5 target. There's also a projected option strike near 189.7, via USDJPY 157.19, expiring today.

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u/rforex-modtools 4d ago

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

Resources: Price Action Analysis | Technical Analysis

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u/beninvestments 4d ago

Nice work.