CHFJPY - Wave Analysis | Divergence in Price Movement
at 4H, it's getting closer to that uptrend line and the strong fibo retracement level of 0.786
There's a chance it rebounces between those fibo levels, if you see that MACD and RSI and confirming the divergence.
There's also apparently an Ending Diagonal forming confirming a possible reversal.
If wave analysis is correct, there's a chance of this movement to accomplish.
Getting closer in 1H, There's divergence in movement also.
RSI lower lows are higher, and MACD is dropping volume as price goes down.
Let's see how it goes.
There's a chance it rebounces between those fibo levels, if you see that MACD and RSI and confirming the divergence.
There's also apparently an Ending Diagonal forming confirming a possible reversal.
If wave analysis is correct, there's a chance of this movement to accomplish.
Getting closer in 1H, There's divergence in movement also.
RSI lower lows are higher, and MACD is dropping volume as price goes down.
Let's see how it goes.