CHF/JPY Full analysis with Volume Profile .
💲 Pair Name : CHF/JPY
Time Frame : 1 analysis / 4hr'
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
➕ Key Technical / Reason's Long
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🗒 Description
The price now broke a very important level at 121.700, this level contains several reasons for selling
➕The first reason is a sub-trend area that was broken at the current price, and also the tops are lower than the tops
➕The second reason is that the price rebounded from a downtrend on the weekly time frame, and this supports the bearish theory
➕The third reason is that the price also bounced back from the major counter trend, and this supports the further decline
➕The fourth reason: the price broke a high liquidity area on the volume profile, which supports more selling liquidity
➕The fifth reason. The price broke the weekly low and the daily low, and a strong price action model was made on the daily and weekly time frame
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