Here is My 1H CHF/JPY Chart and here is my opinion , this pair going up for a year and we have a small waves during this upside journey , and this week due to election the price go up very hard without any waves and the price opened in big gap and until now the prices didn`t cover it , until yesterday the price didn`t give us any bearish price action to can enter a sell trade even for 100 pips , but today the price trying to give us a good bearish price action to tell us that we can have a small movement to downside so i have 2 places i can sell this pair from it , the first place it`s show in the chart the res area it`s the highest price the price touch it so we can sell from it and my best place will be if the price closed below my support with 1h candle at least i will wait the price to back to retest my support and then i will enter a sell trade and this will be very safe for me . if the price closed above my res with 4H Candle than this idea will be not valid .
Entry Reasons :
1- Highest Level The Price Touch It
2- Upside Movement Without Any Waves .
3- New Support Created .
4- Clear Price Action .
5- Clear Support & Res .
Entry Reasons :
1- Highest Level The Price Touch It
2- Upside Movement Without Any Waves .
3- New Support Created .
4- Clear Price Action .
5- Clear Support & Res .
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