CHFJPY - Bearish flag heads up
Updated
As mentioned in other posts, the JPY crosses are getting ready for some good bearish gains. I thought I'd post a heads up idea for CHFJPY because it still has some legs (anyone following USDCHF??). Not anticipating the big move just yet. Wait for price to reach the upper limit of the flag for an aggressive entry or wait for an impulsive break of the trendline followed by a trend continuation pattern to the downside. Follow this pair and choose a low risk entry (be patient) for good gains...
Disclaimer: Not financial advice, my opinion only. Trade your own plan.
GL
Disclaimer: Not financial advice, my opinion only. Trade your own plan.
GL
Note
Nice impulsive move to the downside. Looking for a good entry, a trend continuation pattern on a lower time frame will work for a short.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.