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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