VERY INTERESTING IDEA CHFJPY , could be a 200 pips downtrend re

2020-01-17 01:06:47

As we can se we have 2 major support and ressistance levels that worked well in the past , the price had a bullish mommentum and touch resistance level at 114.350 , if we pay attenction to candle formation we can see the price has formed an evening star on both 4 hours chat and daily chart , we can also see RSI and Stochastic indicator in an overbought possition . With all that in mind I beleive the price will drop till his support levet at 112.500.