Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
CHFJPY Look for bearish continuation price action
Swiss Franc / Japanese Yen
Short
CHFJPY Look for bearish continuation price action
By jojofang0901
Follow
Follow
Updated
Jul 19, 2021
5
3
Cheer
Cheer
36
36
Jul 14, 2021
Hi traders
Also looking at most of the JPY pairs for potential sell continuations.
From the top of the overall price action, we had the strong bearish impulse down, followed by a consolidation period.
Naturally we know price needs to correct after a strong move, and we are seeing some good price development here on the lower time frame.
With a few swing highs and lows, we can reasonably expect a potential finish of the correction.
Watch for some lower time frame bearish impulse phase to begin, and look for the sell entries.
If price can breakout of the HTF ascending channel, then expect further continuation correction and add to the sell.
thank you
Jul 16, 2021
Comment
Jul 19, 2021
Comment
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
Follow
Follow
Related publications
CHFJPY Top of structure, watch for reversal price action to sell
by jojofang0901
JPY Yen Pairs are gaining strength, what to look out for now ?
by jojofang0901
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
.