CHF/JPY Trade Idea
Hello and welcome to my Trade Idea of the currency pair CHF/JPY.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we see bearish momentum.
Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on.
Daily: I think the price will break the inner counter trendline and react to the outer counter trendline. As a result, he will retrace himself from the outer counter trendline and then he will break through the outer counter trend line.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we see bearish momentum.
Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on.
Daily: I think the price will break the inner counter trendline and react to the outer counter trendline. As a result, he will retrace himself from the outer counter trendline and then he will break through the outer counter trend line.
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