CHFJPY ideas

٩ يناير ٢٠٢٢

These are just primary ideas and all need more information to confirm and place a trade. As we have a daily RSI divergence, the bulls are weaken indicating that the current uptrend may give way to a large retracement. However, the closer timeframes (H4, H1) indicate a RSI divergence to the uptrend. As double top is a standard reversal pattern, it can be expected on this pair, but confirmation is awaited.