Like CHFJPY, price broke out of the ascending channel and is now looking for a pullback. We are expecting a pullback at the 61.8% fibonacci level. A bearish reversal candlestick pattern rejecting the golden ratio would give a good entry point for shorting this pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.