CHFJPY
Looks like bears are going to take over very soon. It has a really strong bearish divergence on daily and Macd has also given a bearish crossover. It has formed a shooting star, on the weekly chart, near a major resistance. Currently, it is taking support from EMA12. IMO, it will break this ema. You can either short it here or wait for confirmation (daily candle closing below EMA12). Target is 130.82
Disclaimer: This is not a financial advice. Please do your own research as well. If you like my idea, please hit the follow button as well.
Disclaimer: This is not a financial advice. Please do your own research as well. If you like my idea, please hit the follow button as well.
Trade closed: target reached
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