Market Instrument: CHFJPY
Timeframe: H4
Analysis: Technical
Structure: Trend Breakout and Pullback
Prediction: Bearish
The recent bull trend formed followed a breakout on its trend line and now we see a pullback formed back towards the supply area which helped the trend breakout and the sell-off. If this pullback goes for a weak bull pressure we may see a nice drop back towards 50-61% of fib levels on the recent bull trend. While the fact current price for CHFJPY is holding a major weekly and monthly supply area which supported a strong decline in prices.
Timeframe: H4
Analysis: Technical
Structure: Trend Breakout and Pullback
Prediction: Bearish
The recent bull trend formed followed a breakout on its trend line and now we see a pullback formed back towards the supply area which helped the trend breakout and the sell-off. If this pullback goes for a weak bull pressure we may see a nice drop back towards 50-61% of fib levels on the recent bull trend. While the fact current price for CHFJPY is holding a major weekly and monthly supply area which supported a strong decline in prices.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.