CHFJPY - Bearish Engulfing
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.
Note
idea still valid. Price pulled back. RSI divergenceNote
Currently +297 pips in profitNote
Dropping very quickly. Note
I will continue to hold as there is a significant bearish engulfing candlestick on the weekly https://timhttps://www.tradingview.com/x/xSXb0v8q/eframe.Note
Note
Still holding my short position. Head & Shoulders pattern is forming on the daily time frame.
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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.