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TheSignalyst

CHFJPY sell opportunity

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
TheSignalyst  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CHFJPY Forex Parallel Channel reversal Support and Resistance rejection SELL long-term
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trendanalysis chartpattern waveanalysis chfjpy forex parallelchannel reversal supportandresistance rejection sell long-term
on DAILY: CHFJPY is approaching a strong support/resistance in green so we will be looking for objective sell setups on lower timeframes.

on M30: CHFJPY is currently trading inside a red channel so we are waiting for a new swing to form around our lower red trendline to consider it our last swing standing and enter on its break downward.

we also have a divergence forming on MACD, adding more confluence to our setup.
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