CHFJPY: - getting ready to fall down to 120
Updated
There is a suspicion that marking time will be up to the price of 124, but after that I expect a drop to 120.
There is a few reasons for this - the upper price corridor shows a pattern of behavior that is familiar to me, where a sharp movement often occurs, and this is also confirmed by two indicators.
MACD shows that the market is now in neutrality, but I think that this is a false indicator.
Of course, indicators are not the grail, but my opinion is short positions to 120.
Sincerely,
AJV
There is a few reasons for this - the upper price corridor shows a pattern of behavior that is familiar to me, where a sharp movement often occurs, and this is also confirmed by two indicators.
MACD shows that the market is now in neutrality, but I think that this is a false indicator.
Of course, indicators are not the grail, but my opinion is short positions to 120.
Sincerely,
AJV
Trade closed: stop reached
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