Potential Bearish Cypher on CHFJPY
We have another good set-up here in the form of an advanced bearish cypher. The overall trend of this market is bearish and yesterday we broke a major structure to the downside so i expect this sharp recovery that we had in the last few hours to be nothing but a relieve rally. Our RSI is overbought and all signs are pointing towards a the bearish trend continuing and the question is when will that happen? Let's hope this cypher is the reason why we see a renewed selling interest.
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