CHFJPY - Wait For The Trigger!

FX:CHFJPY   Swiss Franc / Japanese Yen
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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!

This analysis is done using RichTL indicator

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Rich and Accurate as always
+1 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1 thanks a lot
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
looks good to me. thumbsup. great overview
+1 Reply
@abel11 thank you Abel
thanks for sharing the analysis
+1 Reply
TheSignalyst Stargazer_fx
@Stargazer_fx my pleasure dear
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