Lingrid | CHFJPY short from KEY RESISTANCE zone for FX:CHFJPY by Lingrid

Lingrid | CHFJPY short from KEY RESISTANCE zone

is currently in a significant bearish trend, fluctuating just above the psychological level of 170.000. I believe that if the price fails to break through the resistance at 173.000 and the upper border of the downward channel, there is high chance the price continue to moing downwards after taking liquidity above the previous day's high. I am anticipating that the price to pull back to the support level from the resistance zone, as it has respected this resistance in the past by rebounding from it. My goal is to support level at 169.580

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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