Mulakan
jojofang0901

CHFJPY Bull Exhausted, Watch For Reversal

Singkat
Franc Swiss / Yen Jepun (OANDA:CHFJPY)  
jojofang0901 Telah dikemas kini   
OANDA:CHFJPY   Franc Swiss / Yen Jepun
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
69
36
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern


Hello traders:

Similar like NZDJPY and CADJPY, we can also see CHFJPY is showing signs of bearish reversal price action.

After the previous move up, price is at the top of the previous high on the higher time frame.

We can see the price is slowing down its bull momentum, and a corrective ascending channel has formed.

Latest development show a bearish move down, out of ascending channel, good signs of possible further down

Good idea to wait for the right shoulder of a Head and Shoulder pattern, to confirm a bearish continuation price action to go down more to the previous lows.

thank you
Komen:
I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.

Idea Berkaitan

jojofang0901
CADJPY Reversal Incoming, Watch For Sell Setups
jojofang0901
NZDJPY Same Potential Bearish Price Action, Watch for Sell
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.