Swiss Franc / Japanese Yen
Short
Updated

CHFJPY - Technically a Strong SELL Setup!

477
Hey followers and other TradingView users!

Blue box SELL criteria:
- Trendlines should act as resistance levels
- Previous support becomes resistance
- Fibonacci golden ratio 62%
- Daily EMA100 on the blue box should act as resistance
- Semi-round nr. inside the box 111.500

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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Trade active
A bit spooky strongness from CHF but a perfect spot to sell it with tight SL - the price has touched all reversal price action criteria:
snapshot
Note
It is still in this area but the safer plan would be to wait for a bearish candlestick pattern at least 1H+timeframe!

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