What Goes Up Must Come Down? | CHFJPY Short

١٢ أبريل ٢٠٢١

Price has been bullish since 26th March 2021, and it is due for a correction. I have zoomed out on the higher time frame and spotted monthly resistance at 118.6 level, which price has rejected 3 times since June 2017. Additionally, price is overbought and there is divergence on the 4HR timeframe.