Hello,
A potential selling opportunity is setting up on the CHFJPY pair on the 45-minute chart. The pair is currently forming a corrective pattern, as shown in the analysis, and is approaching the moving average—signaling a potential continuation of the downtrend.
Additionally, the MACD indicator has just registered a zero-line crossover, further strengthening the bearish outlook.
For risk management, consider placing a stop loss just above the previous correction level, around 169.62, to mitigate potential reversals.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Good luck!
A potential selling opportunity is setting up on the CHFJPY pair on the 45-minute chart. The pair is currently forming a corrective pattern, as shown in the analysis, and is approaching the moving average—signaling a potential continuation of the downtrend.
Additionally, the MACD indicator has just registered a zero-line crossover, further strengthening the bearish outlook.
For risk management, consider placing a stop loss just above the previous correction level, around 169.62, to mitigate potential reversals.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Good luck!
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Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
Paid trading group
patreon.com/thesharkke
Reliable broker
go.tradenation.com/visit/?bta=37130&brand=tradenation
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.