CHF/JPY Short Scalping Opportunity

9 Kas 2020

In our chart above, we have several instances where there is resistance. Our stochastics are around 88 and look like the slow line will cross above the fast line. Our RSI has popped out of our bollinger bands, and it looks like it wants to go back under our upper bollinger bands. We also have some price action resistance where we are at, so a bounce down would be expected. We also have our weekly R1 and daily R1 just right there as well.

My last forex pair analysis went exactly where I expected it to, as it was a short scalping opportunity.

Hope you enjoyed my analysis.