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CHFJPY is sitting around a strong weekly demand zone, so we will be looking for sell setups on lower timeframes

on M30: CHFJPY formed a head and shoulders pattern but it is not ready to go yet.


Trigger => Waiting for a momentum candle close below the gray neckline to sell.

chfjpy potential bearish reversal grafika numer 1chfjpy potential bearish reversal grafika numer 1
Meanwhile, until the buy is activated, CHFJPY would be overall bullish can still trade higher inside the green demand.


Good luck!

All Strategies Are Good; If Managed Properly!

~Rich


Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


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