CHFJPY hourly short term outlook
Seems the pair is in consolidation and ranging the past 24 hours. 50 period MA acting as resistance along with RSI yellow trendline.
Descending triangle might play out and break to the down side with fib extension targets (green arrows).
Look for short opportunities and use 1.5-2x Atr as a stop loss. (ATR - average true range)
Good luck.
Descending triangle might play out and break to the down side with fib extension targets (green arrows).
Look for short opportunities and use 1.5-2x Atr as a stop loss. (ATR - average true range)
Good luck.
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