CHFJPY: Short From Descending Trendline Resistance

18 ก.พ.

Price has been printing lower lows and lower highs for some time now. The price is currently at the descending trendline which seems to have been rejected multiple times in the past which also aligns with the 78.6% Fibonacci retracement.
I believe a rejection from this level could lead the price to fall towards the downside.