Potential Short CHF/JPY
Ascending Channel approaching previous High (double top).
Wait for the reversal confirmation
Ascending Channel has 3 touches (3rd one is developing now)
Wait for 1h red candle confirmation or if the price breaks to the downside smaller ascending channel/corrective formation then go short.
If the price significantly breaks previous high to the upside wait for the price to go back to the ascending channel and close within with red candle.
Wait for the reversal confirmation
Ascending Channel has 3 touches (3rd one is developing now)
Wait for 1h red candle confirmation or if the price breaks to the downside smaller ascending channel/corrective formation then go short.
If the price significantly breaks previous high to the upside wait for the price to go back to the ascending channel and close within with red candle.
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.