CHF/JPY Analysis
Updated
The pair has shown some bearish momentum, reaching a zone of interest for potential reactions. While a short-term bounce is possible due to oversold conditions and the proximity to a key weak low, the risk here is not negligible. Market dynamics suggest this could be a countertrend move, so it's vital to manage risk carefully.
Key Observations:
Weak low interaction: The price is sitting near a potential liquidity zone, making a reaction plausible.
Risk Note: Larger trends still lean bearish; any bounce may face resistance.
Always prioritize risk management and trade responsibly!
Key Observations:
Weak low interaction: The price is sitting near a potential liquidity zone, making a reaction plausible.
Risk Note: Larger trends still lean bearish; any bounce may face resistance.
Always prioritize risk management and trade responsibly!
Trade closed: stop reached
Stop loss reached
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