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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| FXMAG.COM
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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)

chfjpy potential bearish reversal chfjpy is approaching a strong resistance so we will be looking for buy setups grafika numer 1chfjpy potential bearish reversal chfjpy is approaching a strong resistance so we will be looking for buy setups grafika numer 1


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

- 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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