CHFJPY POSSIBLE Head & Shoulders
Hello Everyone,
Potential 4 hour short setup forming on CHFJPY,
We have broken the ascending trendline which has held price for the past two months and we now seem to be forming a head & shoulders which is a reversal pattern, the right shoulder lines up with a break retest of our trendline and 618 FIB level.
Hoping to short this down to our ascending daily trendline,
be warned this is a counter trend, safest play is to wait for a break and retest of the neckline or if you prefer the riskier option you can short from the 618.
Also check out our JPYBASKET chart where we have a possible inverse forming!
if you want to see more chart ups and analysis then join our free telegram group!
Potential 4 hour short setup forming on CHFJPY,
We have broken the ascending trendline which has held price for the past two months and we now seem to be forming a head & shoulders which is a reversal pattern, the right shoulder lines up with a break retest of our trendline and 618 FIB level.
Hoping to short this down to our ascending daily trendline,
be warned this is a counter trend, safest play is to wait for a break and retest of the neckline or if you prefer the riskier option you can short from the 618.
Also check out our JPYBASKET chart where we have a possible inverse forming!
if you want to see more chart ups and analysis then join our free telegram group!
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.