CHFJPY SELL SETUP
Het Traders,
Check this analysis out, there are two ways CHFJPY could plays it's sell off out.
Currently the par is making an inverse head and shoulder pattern which could ultimately result to the pair pushing back to retest the upper boundary of the current channel. Where a sell order will be awaiting it.
Or the price can make a quick trip to retest the supply level and then follow by a sharp rebound to the downside.
Still worthy of watching out.
Check this analysis out, there are two ways CHFJPY could plays it's sell off out.
Currently the par is making an inverse head and shoulder pattern which could ultimately result to the pair pushing back to retest the upper boundary of the current channel. Where a sell order will be awaiting it.
Or the price can make a quick trip to retest the supply level and then follow by a sharp rebound to the downside.
Still worthy of watching out.
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