CHFJPY possibly a good sell setup
CHFJPY might soon be ready for a good sell trade. Even right now, it seems ripening for a potentially nice sell trade.
Those trend lines are Divine blessings for traders who understand the magical powers of trend lines as these trend lines, for the most part, tell you not just the next possible move but also where to enter for a massively profitable trade.
I am very much inclined towards a sell trade, obviously.
Yet, if the price breaks above that upper trend line, then things can change drastically in favor of a buy trade.
Having said all that, my final decision would be in favor of a sell trade on this chart.
Those trend lines are Divine blessings for traders who understand the magical powers of trend lines as these trend lines, for the most part, tell you not just the next possible move but also where to enter for a massively profitable trade.
I am very much inclined towards a sell trade, obviously.
Yet, if the price breaks above that upper trend line, then things can change drastically in favor of a buy trade.
Having said all that, my final decision would be in favor of a sell trade on this chart.
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.