CHFJPY SHORT TRADE

130
CHFJPY rejected from SMA 100 on H1 frame
and 50 % Fibonacci level of preceding bearish wave at level 113.48 with confirmation of pin bar candlestick pattern
Pair is based below key level at 113.47
MACD shows weakness in bullish momentum
RSI broke uptrend
It's expected for coming bearish wave to target demand zone at level 111.72

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