![Muhammad Elbermawi Muhammad Elbermawi](https://c.mql5.com/avatar/2020/2/5E3EF749-2466.png)
0
71
99.6% That CHFJPY will Close This Week with a Weekly Bearish Candle!
.
On weekly graph it seem that CHFJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that CHFJPY will reverse soon to its main trend.
.
CHFJPY last weekly candle high touch 85.4% (= 61.8% + 23.6%) retracement line from the last descending wave.
.
Also, momentum indicators is at extreme over bought, and there is divergence in momentum for the last three weeks.
.