Last time we analysed CHFJPY , we were anticipating a double top which we got. Price dropped a total of 330pips so far will continue to drop. There may be a retracement period which we need to look out for.
The retracement will be a bear flag or an ascending correction. Ideally we'd want it to reach the area of interest indicated in the chart so we can get a clear entry. If not, we can enter on the break of the correction with stops above the correction.
See chart update for lower timeframe analysis.
Goodluck and trade safe!
The retracement will be a bear flag or an ascending correction. Ideally we'd want it to reach the area of interest indicated in the chart so we can get a clear entry. If not, we can enter on the break of the correction with stops above the correction.
See chart update for lower timeframe analysis.
Goodluck and trade safe!
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Looking for Bear flags
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