Twayne7017

Possible Pull-back for a sell continuation

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
Price broke out from the 121.77 level after some balanced price action between supply and demand . The breakout to the downside clearly indicates that there are more willing sellers than buyers at that price level. I expect market to pull back to this price level for an entry to sell the pair. There is a wide profit margin all the way down to119.7 giving me a low risk high reward and high probability scenario.

Comments

seems like there's an obvious divergence on the rsi
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