Break Down

The daily CHFJPY (below) has reached our sell zone and is below the 200 moving average. This could be traders remorse so we have placed a stop accordingly.

A small divergence is present and stochastics crossed over tagging the overbought zone.

The 4 hour also shows divergence and we have passed fib ext 1 for the second leg.


Chart courtesy of Advanced Get. Data provided by eSignal.

Forex Analysts
Anne Chapman & Javid Shaik