7 reasons to short CHFJPY ... but nothing is 100% in trading.

1. On the daily chart, note at least 4 recent attempts to go above 114.600.. all failed. In fact you would need to go back to Oct 2018 to see higher price.
Now on the H4 chart:
2. Price moving perfectly within a descending channel.
3. A sequence of lower highs and lower lows has been forming over the last 7 trading days, while price has respected the channel all the time.
4. Price is now at a significant level 114.000 and you can clearly see indecision after a bullish move.
5. For the channel to be respected again, a down move must follow.
6. If you have a bearish bias, taking a short at the top of a channel is the ideal location.
7. R/R of 5 or more is on offer, if this trade works out.

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As always, please use sound risk and money management in all your trades.