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SlackerT43
Nov 8, 2023 1:35 AM

CHFJPY: Possible confluence for short Short

Swiss Franc/Japanese YenFXCM

Description

Some possible confluence suggest CHFJPY could possibly short around the 168 area. A potential Gartley pattern on the daily/4 hour chart. Equal measured move/ABCD daily/ 4 hr. Even handle number at 168 even. Testing previous highs. Overbought RSI daily, so possible divergence. Could be a nice area to look at for a shorting opportunity.

Comment

Price currently testing the D completion of the gartley. Showing possible signs of loss of momentum.
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