CHFJPY retrace to 61.8 Structure.
From the the daily Chart, the RSI is still bullish. It is trading above the 40 level and repeatedly exceeding 70. The start of this retracement move was signified by the rejection pin bar last week.
There is a nice RSI trend line forming.
I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further structure. 61.8 l;evel is at 112.200 a nice large round number.
Once price finds support here I expect further bullish movement.
There is a nice RSI trend line forming.
I will wait and watch price hopefully retrace to the 61,8 region. There is pre-existing structure (recent and further structure. 61.8 l;evel is at 112.200 a nice large round number.
Once price finds support here I expect further bullish movement.
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