CHFJPY is facing exhaustion in the uptrend, with a wedge pattern and strong bearish RSI divergence.
I see no reason to go long at current levels, and a break of trendline support will give us short opportunities targeting the 3 purple lines shown in the chart.
I see no reason to go long at current levels, and a break of trendline support will give us short opportunities targeting the 3 purple lines shown in the chart.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.