CHFJPY 4 hours. I am already short at this but I am thinking I can play some more. In the daily we have a down trend. Actually the price broke under resistance and then retested it from below.
On the 4H chart we see the price returning smoothly to the zone between the MA(30) and the MA(50) and always beeing rejected. Also in that zone coincides the resistance from the previous swing, the 81.000 round number under which price closes always, 50% fib retracement, the trendline of this retracement broken (not shown).
Short @80.759
SL @81.190
TP @80.07
On the 4H chart we see the price returning smoothly to the zone between the MA(30) and the MA(50) and always beeing rejected. Also in that zone coincides the resistance from the previous swing, the 81.000 round number under which price closes always, 50% fib retracement, the trendline of this retracement broken (not shown).
Short @80.759
SL @81.190
TP @80.07