CHFJPY SHORT Short

CHF/JPYOANDA

Description

⋅ Apr 17, 2024 9:45 PM

DAILY

- Price went to daily zone of interest (SD)
- Rejection candle / doji
- Bearish MS

WEEKLY
- Bearish W / HS/ IC
- SD zone

4 HOUR

- Head and shoulders

Comment

⋅ Apr 18, 2024 8:51 AM

Stop loss hit

Trend Analysis

Comments

FXCM

⋅ Apr 18, 2024 2:34 AM

Nice analysis on identifying a suitable sell zone that the price has respected multiple times in the past. The descending trendline with at least three touches is a good sign of bearish momentum. Let's see how this plays out.