Lingrid | CHFJPY bearish DIVERGENCE at RESISTANCE zone

23 sty

The price perfectly fulfilled my previous idea. It reached the target. CHFJPY market has reached the resistance zone at 173.000, where it has formed a bearish divergence, indicating that the market may be losing momentum. Given that this level is a strong resistance zone where the price has previously dropped, there is a higher likelihood of a reversal or a pullback again. The market’s break above the downward channel is significant, and I anticipate a potential retest of this channel before making any further moves. My goal is support zone around 171.800

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

24 sty

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