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CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵
Swiss Franc / Japanese Yen
Short
CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵
By VasilyTrader
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Mar 24, 2023
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Mar 24, 2023
CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.
The price formed a double top pattern on that and broke its neckline.
Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363
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CHFJPY
Double Top or Bottom
Fibonacci
japaneseyen
jpy
priceaction
priceactionanalysis
priceactionstrategy
priceactiontrading
Support and Resistance
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