>The pair is currently testing a strong resistance zone on the daily time frame as shown on the chart.
>A shooting star candle formation on the Daily time frame.
>Price retested the Bullish trendline it broke out of (late February this year) and got rejected. We can see this from the long wick on the previous candle.
>Triple top formation.
With all these signs, I am quite confident that we might have a good sell coming up on the CHFJPY pair.
Sell CHFJPY now or alternatively look for sells on lower time frames or watch for the top. Check the chart for the stop level and take profits.
Remember forex is risky and if you do not apply proper risk management you might lose your all CAPITAL.
Good luck with your trading.
>A shooting star candle formation on the Daily time frame.
>Price retested the Bullish trendline it broke out of (late February this year) and got rejected. We can see this from the long wick on the previous candle.
>Triple top formation.
With all these signs, I am quite confident that we might have a good sell coming up on the CHFJPY pair.
Sell CHFJPY now or alternatively look for sells on lower time frames or watch for the top. Check the chart for the stop level and take profits.
Remember forex is risky and if you do not apply proper risk management you might lose your all CAPITAL.
Good luck with your trading.
