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mngFX
Mar 6, 2023 2:13 AM

CHFJPY, Failed Breakout. H&S to bring price lowerΒ Short

CHF/JPYOANDA

Description

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Price action is looking bearish as buyers were unable to breakout of the HTF upper boundary, instead creating a strong reversal impulse followed by a continuation correction. To add confluence to this short set up, we can see a H&S pattern with price currently completing the right shoulder.

I do expect price to re test January's high, find an entry that meets your trading plan.

Thanks
Trade Safe
Comments
Moneymaketheworld
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Same view currently in trade
blackcateyes
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@mikiahroberson keep holding,now liquidity grab i think πŸ€”
Moneymaketheworld
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@blackcateyes I believe so let’s hope
market-tycoon
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Same view mate HTF H&S and 15m H&S
mngFX
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@szishiri94tv great charts bro. keep it up.
market-tycoon
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@mngFX, thanks a lot mate
ProSignalsFx
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Very generous of you!
mngFX
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@ProSignalsFx thanks for your support!
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