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justinholtgrave

CHFJPY - Bearish Engulfing

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
justinholtgrave Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis chf jpy CHFJPY SELL short Bearish Patterns support
2
0
trendanalysis chartpattern waveanalysis chf jpy chfjpy sell short bearish support
CHFJPY has formed a significant bearish engulfing on the weekly timeframe. Strong Bollinger Band outbreak also confirms this setup. SL set above previous highs, TP at the strong support level as marked.
Comment:
idea still valid. Price pulled back. RSI divergence
snapshot
Comment:
Currently +297 pips in profit
Comment:
Dropping very quickly.
snapshot
Comment:
I will continue to hold as there is a significant bearish engulfing candlestick on the weekly www.tradingview.com/x/xSXb0v8q/eframe.
Comment:
Comment:
Still holding my short position. Head & Shoulders pattern is forming on the daily time frame.
snapshot

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