TheSignalyst

CHFJPY - Wait For The Trigger!

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
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CHFJPY is sitting around a daily resistance in blue so we will be looking for sell setups.

on H1: CHFJPY is forming a head and shoulders pattern but the setup is not ready to go yet.

Before we sell, we need the bears to take control.

Trigger => Waiting for a momentum candle close below the gray neckline to sell.

Until the sell is activated, CHFJPY would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
http://www.RichTL.com

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