⬇️ CHFJPY sales zone in H1
It comes from a small cycle closure at the beginning of the bullish momentum, and after a sharp rise in the price, it reaches a level where the pair touches maximum resistance and professional disinterest, all accompanied by macd bearish divergences, and finally yields breaking the directive of support. Now it has been located below the daily pivot point just recalculated and the average of 100 periods. We are going to look for 61.8% as the final objective since it is highly probable that we will get there when there is a secret starting code, about 150 pips of travel, managing the trade along the way taking partials and moving stops.
Ideal ticket: 114.30 / 113.70
Stop Loss: 123.25
Breakeven: 113.10