CHFJPY Top Of Reversal Structure, watch for sell
Updated
Hi traders:
Similar across other JPY pairs, here on CHFJPY is also looking clean for bearish reversal downside.
We can see a higher time frame ascending structure, correcting the price up.
At the top of structure, clean bearish reversal correction as a Head and Shoulder, reversing down the price.
Now that price has formed a right shoulder, continuation correction, watch for sell confirmation on the lower time frames to set the entries down to the lows.
Thank you
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