CHFJPY beautiful sell setup forming
Multitimeframe analysis. on the higher timeframe price has reached the key resistance line (in red).
On a medium timeframe, there is an RSI divergence off the last double top that has formed.
On the shortest timeframe (15 and 1H) price has broken the upwards trendline.
I will be entering with a bigger position than usual on the retest of the short term trend line as this is a picture-perfect setup in my opinion.
On a medium timeframe, there is an RSI divergence off the last double top that has formed.
On the shortest timeframe (15 and 1H) price has broken the upwards trendline.
I will be entering with a bigger position than usual on the retest of the short term trend line as this is a picture-perfect setup in my opinion.
Nota
and here is the daily timeframe view of the red trendline:Trade ativo
Entered before the retest as price looks so weak that it might not retest after all..
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.