CHFJPY - Bearish bias, drop ahead?

PAIR IN FOCUS: CHFJPY
ACTION: SHORT
HORIZON: SHORT-TERM

Price has reached a resistance level and is showing to reject it. Price has formed a lower high and now taking a pause. From the upper wicks of the candles, it shows lack of bullish strength and there could be an incoming drop. Watch for bearish price action before any SHORT entry. If price reaches SL, it could be a bearish RSI divergence trade.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

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