CHFJPY: Conditions for a long term Sell.

OANDA:CHFJPY   Swiss Franc / Japanese Yen
The pair is consolidating on 1D ( RSI = 52.832, CCI = 21.3985, Highs/Lows = 0.0000) after a strong October rise. There is a certain pattern that calls for a sell opportunity. Once a Golden Cross occurs on the 1D chart, CHFJPY makes a top usually (maximum 10 days which happened in September 2018).

At the moment we are approaching to such a formation so wait for a top to be made (near the 1W Resistance) and then start selling. The Target depends purely upon your risk/ reward ratio.

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overall analysis for chfjpy
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