Break of another bearish consolidation
Pair is constantly dropping sharply after the consolidations in the small ranges.
Its as well moving in the descending channel where we have enough room for the the drop. Demand zone where we are now was over shooted on the begining of the they year and its tested third time now = its weak. CHF is not any strong banks doesn´t have longs on CHF and JPY they are just started to be aggressively bearish. All signs for this drop are here.
Its as well moving in the descending channel where we have enough room for the the drop. Demand zone where we are now was over shooted on the begining of the they year and its tested third time now = its weak. CHF is not any strong banks doesn´t have longs on CHF and JPY they are just started to be aggressively bearish. All signs for this drop are here.
Trade active
Comment:
Wich comming recesion JPY is the safe heaven number one. Drop should easily continue.
Comment:
Price has came back, but still holding
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