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Chibuike_Odoh
Dec 11, 2020 11:40 AM

CHFJPY - Potential retracement 🔽 Short

Swiss Franc/Japanese YenFXCM

Description

CHFJPY is testing a major resistance level.
RSI is printing a bearish divergence signal.
Price action is printing an ascending broadening wedge at the top.
Sell entry ⬇️ - breakdown below the ascending broadening wedge support + previous swing low.
Target 🎯 - fibonacci retracement levels + support level.
Setup invalidation ❌ - breakout above resistance level.
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