Analysis on CHF/JPY
Updated
At 4 hour timeframe, price is in a downtrend and we can see lack of bullish momentum as price has a hidden divergence on MACD, price has been rejected from 61.8 fibo extraction.
At 1 hour time frame I'm waiting for a trigger as shown in this analysis to enter a short position.
At 1 hour time frame I'm waiting for a trigger as shown in this analysis to enter a short position.
Note
Did not enter, because the trigger didn't activate.
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