CHFJPY: Trend Channel Collapse Signals Bearish Shift

135
Trend Channel Breakdown: The chart clearly shows a previously established upward trend channel that has been decisively broken to the downside. This indicates a potential shift in momentum from bullish to bearish.
Key Levels:
The 169.328 level has been breached, suggesting it may now act as resistance.
Potential support levels are identified at 167.656 and the low of 166.607.
Bearish Momentum: The sharp downward movement following the trendline break suggests strong bearish momentum.
Timeframe: The 1-hour timeframe focuses on short-term price action.
Nota
Following our analysis on the CHFJPY chart, we've entered a sell trade which is now running +72 pips. The breakdown from the rising channel suggests further bearish momentum. syot kilat

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.