⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: According to the H4 frame, the price has broken the old support zone, the pressure and selling volume are large. Suitable for SELL signal to new support zone Economic news is also not very positive and too important ⭐️ SET UP CHFJPY PRICE: 🔥SELL CHFJPY zone: 167.500 - 167.600 SL 168.000 TP1:...
Considering the price reaches the supply area, we expect to see a downward trend after hitting this area.
CJ appears to have created a bearish 3 drive strike pattern, as of now I believe price will reach the -27% (116.346) on the fib, and keep falling to the -68% (115.959). The market may gap up as soon as it opens and move up more to create a much more clear 3 drive strike pattern on the 4hr before falling but ultimately I think price is headed towards the bears...
Once price made it's last push to the upside, it made the bearish impulse as expected. I was looking for price to make one last bullish impulse, then create a bearish candlestick formation before entering a sell. Check out the previous analysis below: BEFORE
Price appeared to have broken the low during the previous month. This monthly candle appears to be a retracement or a retest of that level. So far it a look as if price will respect that level and may be signaling it's setting up to make a large push to the downside. The weekly time frame show a double top, with a retest to the neckline, price also met...
Franc Yen has broke its upward channel and is consolidating. Target is support trendline
On the 4hr a bearish bat has formed. Am expecting the D leg to complete immediately the prices retest the 112.000 psychological level. Looking for bearish evidence before shorting this pair. Use proper money management. Cheers