On CHFJPY, we have a bearish setup where the price has broken a descending triangle and rebounded three times on a downward trendline. Currently, the price is at 153.80, which is between the 50% and 70% Fibonacci levels, making it a premium zone to enter a short trade with a target at 153, where we have a very strong demand zone.
Let me know your thoughts on this.
Happy trading to everyone.