CHFJPY short

5 мар. 2021 г.

CHFJPY market has rejected monthly resistance and is now pushing down forming lower highs into an area of strong support on the daily timeframe, at the moment market is still above the support but i am expecting it to break.What ill be waiting for is a correction and market to come up make another new lower high and touch the downtrend resistance line giving us a confluence of resistance and a possible short entry to break below this structure, we as always will be waiting for rules to be met before taking the short.