CHFJPY 4h Chart
Though price formed daily bullish engulfing bar on this pair sending price back up, even though the bullish engulfing bar is a very clear one. it formed after price has made a very large sell off lower to meet an important demand area and it also formed below a daily supply zone
for price to make another move back higher, it will have to break through the nearest supply. anyone looking to trade this pair should keep the levels in mind.
i shall look to short this very pair if price gets rejected @115.330
Though price formed daily bullish engulfing bar on this pair sending price back up, even though the bullish engulfing bar is a very clear one. it formed after price has made a very large sell off lower to meet an important demand area and it also formed below a daily supply zone
for price to make another move back higher, it will have to break through the nearest supply. anyone looking to trade this pair should keep the levels in mind.
i shall look to short this very pair if price gets rejected @115.330