CHFJPY – Potential Bearish Reversal! CHFJPY is approaching a strong resistance so we will be looking for buy setups

CHFJPY – Potential Bearish Reversal! CHFJPY is approaching a strong resistance so we will be looking for buy setups


on H1: CHFJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. (projection in purple)


Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)


Meanwhile, until the buy is activated, CHFJPY would be overall bullish can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

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