Analysis on CHF/JPY
Updated
At 4 hour timeframe, price is in a downtrend and we can see lack of bullish momentum as price has a hidden divergence on MACD, price has been rejected from 61.8 fibo extraction.
At 1 hour time frame I'm waiting for a trigger as shown in this analysis to enter a short position.
At 1 hour time frame I'm waiting for a trigger as shown in this analysis to enter a short position.
Comment
Did not enter, because the trigger didn't activate.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.