CHFJPY short term sell
Updated
I see CJ possibly heading down towards the next support, because of:
- price testing a recent support a second time, lower high formed, buyers might be running out of steam
- clear LL / LH on H4
- RSI divergence on H1
- in-line with the weekly downtrend but the daily downtrend was broken - i.e.there is a good chance we will mid-term move up to test the weekly trend-line -> very small lot with a tight stop
Entry after the break of the H4 trend-line, SL above the previous H4 high
- price testing a recent support a second time, lower high formed, buyers might be running out of steam
- clear LL / LH on H4
- RSI divergence on H1
- in-line with the weekly downtrend but the daily downtrend was broken - i.e.there is a good chance we will mid-term move up to test the weekly trend-line -> very small lot with a tight stop
Entry after the break of the H4 trend-line, SL above the previous H4 high
Order cancelled
Broke the trendline but over the zone, no trade.
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