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jojofang0901

CHFJPY Top Of Reversal Structure, watch for sell

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Franc Swiss / Yen Jepun (OANDA:CHFJPY)  
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OANDA:CHFJPY   Franc Swiss / Yen Jepun
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction jpy
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction jpy


Hi traders:

Similar across other JPY pairs, here on CHFJPY is also looking clean for bearish reversal downside.

We can see a higher time frame ascending structure, correcting the price up.

At the top of structure, clean bearish reversal correction as a Head and Shoulder, reversing down the price.

Now that price has formed a right shoulder, continuation correction, watch for sell confirmation on the lower time frames to set the entries down to the lows.

Thank you
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