Chf/Jpy needs a correction before becoming a sell

٣٠ أبريل ٢٠٢٣

On The 15 Min Time Frame price is still in a uptrend.

I would like to see a corrective move up on the 15 min time frame before pushing the sell button.

So Chf/Jpy reached a area of resistance on Friday! It fell from that area of resistance.

I believe it it will gap down at the market open , and immediately move back up most of the trading session to create a double top on the 15 min time frame.

After this double top, I believe it will fall down sometime on May 1st.....

This is my analysis only. From past knowledge and past experience , markets will usually make the correction before the big fall.

So the plan would be to wait for the double top reversal pattern on the 15 minute time frame, and then look for the sell and wait for confirmation.

So.... the plan is to wait!!!!