The CHFJPY pair has been in a strong impulsive uptrend for over a week, but we may now be seeing signs of exhaustion.
On the 4-hour chart, price has printed a shooting star reversal pattern and is currently forming an engulfing candle — we’ll be watching closely for confirmation when this 4H candle closes at 1 p.m. EST.
Here’s what we need to see before acting:
Volume: Must be 80+ for confirmation.
Momentum: Currently pointing downward — A+.
Structure: Clear rejection after a strong impulsive move upward.
If volume confirms, this could shape up to be a high-probability sell opportunity, marking the potential start of a deeper pullback or full reversal.
I’ve identified two possible downside targets (Target 1 & Target 2) if this setup completes — chart is posted for visual reference.
As always, this is for educational purposes only — not financial advice.
Do your own research before investing or trading live funds.
Patience first, confirmation second.
#CHFJPY #VMS #ForexAcademy #ForexTrading #ReversalSetup #ShootingStar #AlignedExecution #PatienceAndDiscipline
On the 4-hour chart, price has printed a shooting star reversal pattern and is currently forming an engulfing candle — we’ll be watching closely for confirmation when this 4H candle closes at 1 p.m. EST.
Here’s what we need to see before acting:
Volume: Must be 80+ for confirmation.
Momentum: Currently pointing downward — A+.
Structure: Clear rejection after a strong impulsive move upward.
If volume confirms, this could shape up to be a high-probability sell opportunity, marking the potential start of a deeper pullback or full reversal.
I’ve identified two possible downside targets (Target 1 & Target 2) if this setup completes — chart is posted for visual reference.
As always, this is for educational purposes only — not financial advice.
Do your own research before investing or trading live funds.
Patience first, confirmation second.
#CHFJPY #VMS #ForexAcademy #ForexTrading #ReversalSetup #ShootingStar #AlignedExecution #PatienceAndDiscipline
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.