SHORT Trade Based On Price Action

FX:CHFJPY   Swiss Franc / Japanese Yen
This is a trade setup based on timeframe agreement and price action.

Looking at the relationship across the timeframes, these are some of the things to take notice of:

The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression channel.

The lower timeframes agree with what we are seeing on the daily chart , producing lower lows and lower highs.

A conservative level for stoploss would be above the previous lower high on the daily.

A 1:1 reward-to-risk appears achievable, although the daily does indicate scope for the price to move beyond that.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out