CHFJPY 240 Short – retesting major resistance, tweezer top
Updated
We’ve had a brief 4H UT since 24 Nov 2019. Right now it is retesting a major resistance level and has formed a tweezer top. I’ll be looking for a break downward in the RSI across its trendline for a possible short entry.
Note
I never did get into this trade. And if I had used it exactly as show, it probably would have gotten stopped out with the SL being just a LEEETLE too tight where it retests the top of the tweezer top. But in overview the analysis looks sound.At this point, I would move the SL to BE.
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