CHFJPY is in consolidation last days with MACD 4C (thanks to @vkno422 for this awesome divergence detector tool) divergence in 4H. It means we aim for the end of the downtrend (at least in 4H chart).
We need to wait for a break of the top trendline before we get in a long position.
If we get an impulse to the bottom, ALL assumptions for long entry will get cancelled.
I will update the post if long break happens.
It is just my opinion, thank you!
We need to wait for a break of the top trendline before we get in a long position.
If we get an impulse to the bottom, ALL assumptions for long entry will get cancelled.
I will update the post if long break happens.
It is just my opinion, thank you!