Hello,
A potential selling opportunity is setting up on the CHFJPY pair on the 45-minute chart. The pair is currently forming a corrective pattern, as shown in the analysis, and is approaching the moving average—signaling a potential continuation of the downtrend.
Additionally, the MACD indicator has just registered a zero-line crossover, further strengthening the bearish outlook.
For risk management, consider placing a stop loss just above the previous correction level, around 169.62, to mitigate potential reversals.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Good luck!
A potential selling opportunity is setting up on the CHFJPY pair on the 45-minute chart. The pair is currently forming a corrective pattern, as shown in the analysis, and is approaching the moving average—signaling a potential continuation of the downtrend.
Additionally, the MACD indicator has just registered a zero-line crossover, further strengthening the bearish outlook.
For risk management, consider placing a stop loss just above the previous correction level, around 169.62, to mitigate potential reversals.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Good luck!
For personalized investment advisory services
Reach me on email hesbonmose001@gmail.com to join paid premium group or patreon.com/thesharkke
Free stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Reach me on email hesbonmose001@gmail.com to join paid premium group or patreon.com/thesharkke
Free stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
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.
For personalized investment advisory services
Reach me on email hesbonmose001@gmail.com to join paid premium group or patreon.com/thesharkke
Free stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Reach me on email hesbonmose001@gmail.com to join paid premium group or patreon.com/thesharkke
Free stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
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.