CHF/JPY 10.11.2016
Time frame D1
Lon-term and middle-term downtrend , short-term correction to levels of horizontal and diagonal resistance.
Price action signal: Hanging man at levels of diagonal and horizontal resistance
Technical indicator
The price is below EMA 200
CCI(50) - In zone of overbought - when turn the negative sentiment will increase
SL: 108.20
Alternative scenario: If the price breaks over the horizontal resistance , the negative scenario will be dismissed.
Jr_Trader_B_Arabadzhiev
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