TradingView
MilonDip
Apr 28, 2019 4:28 PM

Weaker CHF & Stronger JPY made a sell opportunity for CHF/JPY.. Short

SWISS FRANC / JAPANESE YENICE

Description

1st confimation:(Currency strength)
According to trading view forex screener JPY is second most strongest currency after USD & CHF is most weakest currency of all major currencies. These makes CHF/JPY pair go for sell..

2nd confirmation:( Ichimoku kinko hyo)

Price crossed the cloud.
Tenkan crossed kijun.
Chikou span favours.
Cloud transformed to red.
Direction of Kijun favours.

3rd confirmation:(Drawn on chart)

You can see that price makes a downtrend after a consolidation(or a small uptrend)..& now is the time for downtrend.
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