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on DAILY: CHFJPY is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes.
on H4: CHFJPY formed a head and shoulders pattern in orange.
Trigger: Waiting for a momentum candle close below the gray neckline to sell.
The head and shoulders pattern isn't activated yet, so it is still an idea, and until it gets activated CHFJPY would be overall bullish and can still test the upper resistance before going down, in this case, we will be looking for new sell setups to form.
Good luck!
~Rich
on DAILY: CHFJPY is sitting around strong resistance in green so we will be looking for sell setups on lower timeframes.
on H4: CHFJPY formed a head and shoulders pattern in orange.
Trigger: Waiting for a momentum candle close below the gray neckline to sell.
The head and shoulders pattern isn't activated yet, so it is still an idea, and until it gets activated CHFJPY would be overall bullish and can still test the upper resistance before going down, in this case, we will be looking for new sell setups to form.
Good luck!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT
