Looking to go short CHFJPY .. 13 April, 2021
Let us first of all look at the weekly view
Price has arrived at rock solid multi-year resistance but with some serious momentum. I am thinking of a reversal but there is plenty of room for a profitable trade in either direction.
The H4 view still looks bullish. Note that price action is not the cleanest, but it is respecting prior levels for the most part. Have we reached a top? Not sure yet, but the next few H4 candles will provide better clarity.
My bias is to the downside, but will let PA guide me further on.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.
Price has arrived at rock solid multi-year resistance but with some serious momentum. I am thinking of a reversal but there is plenty of room for a profitable trade in either direction.
The H4 view still looks bullish. Note that price action is not the cleanest, but it is respecting prior levels for the most part. Have we reached a top? Not sure yet, but the next few H4 candles will provide better clarity.
My bias is to the downside, but will let PA guide me further on.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.
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