SHORT trade analysis on CHFJPY.
Graph is looking bearish from resistance area to support zone. Trade is meant to be local bearish correction in overall clean longterm uptrend, so its a bit more risky than usual due not trading along with a trend. Bearish Engulfing Candle also indicates sell on the chart. On chart is clearly seen Regular Bearish Divergence as well confirming price fall. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from resistance area to support zone. Trade is meant to be local bearish correction in overall clean longterm uptrend, so its a bit more risky than usual due not trading along with a trend. Bearish Engulfing Candle also indicates sell on the chart. On chart is clearly seen Regular Bearish Divergence as well confirming price fall. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.