CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵

Short

Swiss Franc / Japanese Yen (OANDA:CHFJPY)

OANDA:CHFJPY Swiss Franc / Japanese Yen

Double Top or Bottom Fibonacci Support and Resistance CHFJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy jpy japaneseyen Contains image

doubletoporbottom fibonacci supportandresistance chfjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy jpy japaneseyen containsimage

snapshot

CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.

The price formed a double top pattern on that and broke its neckline.

Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.