CHFJPY WILL BREAK CONSOLIDATION BOX
SHORT trade analysis on CHFJPY.
Graph is looking bearish from upper resistance of Consolidation Box down to 4h support zone. Price was recently consolidating in Box and is about to break out. Since on larger chart is seen Double Top I expect bearish pressure. Wait for Bearish Engulfing Candle or other sell confirmation and then is safe to sell. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from upper resistance of Consolidation Box down to 4h support zone. Price was recently consolidating in Box and is about to break out. Since on larger chart is seen Double Top I expect bearish pressure. Wait for Bearish Engulfing Candle or other sell confirmation and then is safe to sell. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
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