Overview: CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift. Technical Analysis: Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum. Trade Strategy: Traders may consider a short position near the 0.236 Fibonacci level, aligning with the technical signals and bearish sentiment. Risk Management: Implementing stop-loss …
CHFJPY: Uptrend Faces Risks
Overview: CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift. Technical Analysis: Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum. Trade Strategy: Traders may consider a short position near the 0.236 Fibonacci…
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