JoMarshall

Potential Bearish Cypher on CHFJPY

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FX:CHFJPY   Franco Suíço/Iene Japonês
So here we have a very nice set-up on this pair. This is a potential bearish cypher that will complete near 118.00 which is a nice round number and we also have descending trend-line resistance that comes in just above the completion level and in addition our rsi is showing weakness so that's plenty of reason to look to take this short position and the market trend is currently bearish so let's see if we can get to our entry price.

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