CHFJPY is breaking below the downside horizontal resistance
After the rejection from an upside channel resistance, CHFJPY is breaking below the horizontal resistance 123.480. This break could lead to a deeper pullback to 121 especially in the case of the risk-off in the market. A bounce here and a break above the 123.500 again will invalidate this bearish view and resistance break.
Note: look for the short trade entries with the stop loss above 124
GET THE COPY TRADING AND PREMIUM MEMBERSHIP FOR FREE
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Take a break from your trading routine and let some funds be run by us! Copy our trades!
