Broke through weekly/daily support and painted a red candle two consecutive weeks. Seems bears are in control. Also note the swiss dollar is weakening against the US dollar and its inversely correlated with the CHFJPY pair.
Current bias is short also second wave of covid could further exacerbate the pair weakening. Set your stoploss at 1-2x ATR. Targeting fib levels and ultimately lower yellow trendline.
Current bias is short also second wave of covid could further exacerbate the pair weakening. Set your stoploss at 1-2x ATR. Targeting fib levels and ultimately lower yellow trendline.