Get started
Swiss Franc / Japanese Yen
Short

CHFJPY - Bearish Engulfing

By justinholtgrave
Updated
CHFJPY has formed a significant bearish engulfing on the weekly timeframe. Strong Bollinger Band outbreak also confirms this setup. SL set above previous highs, TP at the strong support level as marked.
Comment
idea still valid. Price pulled back. RSI divergence
snapshot
Comment
Currently +297 pips in profit
Comment
Dropping very quickly. snapshot
Comment
I will continue to hold as there is a significant bearish engulfing candlestick on the weekly https://timhttps://www.tradingview.com/x/xSXb0v8q/eframe.
Comment
snapshot
Comment
Still holding my short position. Head & Shoulders pattern is forming on the daily time frame.
snapshot
Bearish PatternsChart PatternschfCHFJPYjpySELLshortsupportTrend AnalysisWave Analysis

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.