CHFJPY trending down
Trend channel broke. Now approaching the 50 MA which could act as support. Momentum is on the downside and a break of the 50 MA (gold line) support would result in further downward pressure. Next target would be 200 MA (red).
A small bounce from the 50 MA could give better short opportunities.
Overall Bias is short. Always use ATR indicator for stop loss. Trade smart.
A small bounce from the 50 MA could give better short opportunities.
Overall Bias is short. Always use ATR indicator for stop loss. Trade smart.
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