There is a possible sell coming for the CHJPY.
Reasons for taking the trade.
- New York Session was able to break the Asian Session& London session; that shows power of the break.
- The market should struggle retracing to the overall break of the two sessions.
- Should have a high volume when the reversal happens at the overall break of the sessions.
- Lets wait and see if the market will play out as anticipated.
OUTCOME (updated on 7th Aug 2020
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