TheSignalyst

CHFJPY - Wait For The Trigger!

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
Hello everyone, if you like the idea, do not forget to support with a like and follow.

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

on H4: CHFJPY formed a head and shoulders pattern in orange.

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

The head and shoulders pattern isn't activated yet, so it is still an idea, and until it gets activated CHFJPY would be overall bullish and can still test the upper resistance before going down, in this case, we will be looking for new sell setups to form.

Good luck!

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

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Comments

Rich and Accurate as always
+1 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1 thanks a lot
Reply
Could be a killer R:R on this trade
+1 Reply
TheSignalyst reubenroyal
@reubenroyal, waiting for it patiently ;) just like you on litecoin ;)
+1 Reply
Yes I ll going for the breakdown ! + Nice !
+1 Reply
@FOREXN1 thank you dear
Reply
looks good to me. thumbsup. great overview
+1 Reply
@abel11 thank you Abel
Reply
thanks for sharing the analysis
+1 Reply
TheSignalyst Stargazer_fx
@Stargazer_fx my pleasure dear
Reply
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