CHFJPY(4H): DOWNTREND
Updated
Overview: Price is ranging in a downtrend. We can also notice how difficult it is for price to break the resistance @ 110.300. It is also interesting to note that since it's fall from this resistance, price has continue to reject the major resistance @ 109.800 since it was broken on the 6th of Feb '19 which confirms the downtrend.
Speculation: We are looking a range completion @ 108.740 with a potential TP of 92pips and SL of 28pips.
Speculation: We are looking a range completion @ 108.740 with a potential TP of 92pips and SL of 28pips.
Note
Now that price has tested the resistance of the range @ 110.010, we shall be seeing a potential channel continuation the down side
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