Get started

JPY (Japanese Yen)

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. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
CHFJPY Technical Analysis: Potential Sell SignalThe CHFJPY pair has reached a strong resistance zone and is now forming a flag pattern with a clear divergence on momentum indicators. It has also formed a double top pattern, waiting for a breakout of the pattern to the downside and a breakout of the uptrend line to confirm a good selling signal. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB