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DeGRAM
Jan 18, 2024 9:02 AM

DeGRAM | CHFJPY potential sell after the retracement Short

Swiss Franc/Japanese YenFXCM

Description

CHFJPY is decelerating at the resistance level. It created a double top.

The market essentially made a false breakout of the psychological level of 171.000.

The market created divergence on the 4-hourly chart, meaning we might see a sharp bearish move.

We expect a bearish move that could potentially breakout the ascending channel.


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Comments
DeGRAM
Good luck in the markets and may the profit be with you !
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