CHFJPY finishing head and shoulders, going short
Updated
https://www.tradingview.com/x/WBkFg5Oj/CHFJPY is in the middle of finishing the right shoulder of a head and shoulders pattern meaning the pair is going to fall. The pair has also just broke below a rising channel and retested it making the upcoming downtrend even more obvious. On top of that on a daily perspective we can see that not only is the pair completing a very common pattern of fall, retracement, and more fall, but the pair has also just retested a supply zone and is now dropping out of it making it even more clear that this pair is going to drop.
Entry @ 113.816
SL @ 114.071
TP @ 113.358
Entry @ 113.816
SL @ 114.071
TP @ 113.358
Trade closed: stop reached
SL hit
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