CHF/JPY - Short
BEARISH
On the weekly chart we see multiple Long wicks rejecting the 50 EMA
Rejecting the weekly resistance and a break through the trend-line
Now we Look at daily for possible short entry......
On the daily we have lots of confirmation for a short position..
Double top at the resistance line
rejection of the 50 EMA on the pullback after the breakout of the rising wedge
ENTERED Short
Note
110.1388 Take Profit #1 50%109.3804 Take Profit #2
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.