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TheSignalyst
Jul 1, 2020 3:17 PM

CHFJPY waiting for the sell setup to form Short

Swiss Franc/Japanese YenFXCM

Description

on DAILY: CHFJPY is sitting around a resistance zone in green so we will be looking for objective sell setups on lower timeframes.

on H1: CHFJPY is forming a red channel so we are waiting for a new swing to form around our lower red trendline to consider it our last swing and enter on its break downward.

meanwhile, until the sell setup is activated, this pair would be overall bullish.
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