CHFJPY / 4H
Hello traders, welcome back to another market breakdown.
CHFJPY has been trading in a bullish trend. However, the price has been showing weakness for the last month indicating trading range price action.
Bears want a lower high after making a new low for a major trend reversal after seeing the bulls achieve their measured move target.
Bulls see a bullish flag and waiting for a breakout to buy more for another leg higher.
Right now the chances are 50/50% for both sides.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
CHFJPY has been trading in a bullish trend. However, the price has been showing weakness for the last month indicating trading range price action.
Bears want a lower high after making a new low for a major trend reversal after seeing the bulls achieve their measured move target.
Bulls see a bullish flag and waiting for a breakout to buy more for another leg higher.
Right now the chances are 50/50% for both sides.
Trade safe,
Trader Leo.
Telegram: t.me/BeatTheMarketsetups
Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap
