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CHFJPY: Possible Bearish reversal
Swiss Franc / Japanese Yen
Short
CHFJPY: Possible Bearish reversal
By yousufrz
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Nov 23, 2021
1
Nov 23, 2021
CHFJPY
Possible Bearish Reversal from 1W resistance area. Head & Shoulder pattern is formed on 4H timescale.
Price is testing neckline resistance. If resistance is sustained and price may come below 122.56, it may continue bearish trend.
Potential target can be around 0.5 Fib extension level and may further take 1D support from 120.56.
Thanks and Good Luck for trade
Chart Patterns
chfjpyshort
Harmonic Patterns
Trend Analysis
yousufrz
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CHFJPY: Possible Bearish reversal
by yousufrz
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