CHFJPY - Strong Resistance - Bearish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
CHFJPY is sitting around a strong daily resistance, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CHFJPY is formed a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, CHFJPY can still trade higher and even break the resistance upward.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
CHFJPY is sitting around a strong daily resistance, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CHFJPY is formed a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, CHFJPY can still trade higher and even break the resistance upward.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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