Triple top Formation on the CHFJPY signalling for a sell
Price was rejected by a strong daily resistance zone @118.764
A retest of the Daily Bullish trend line was completed and price was rejected.
Price might drop lower to retest the Support zone @102.920
I'll be looking to sell now or look for sells on lower time frames.
I am taking the trade and have put my levels as follows.
Stop loss @120.245
Take profit 1 @112.915
Take profit 2 @108.775
Take profit 3 @103.440
This is my own view on how the pair might play out. Your opinion will be highly appreciated.
A retest of the Daily Bullish trend line was completed and price was rejected.
Price might drop lower to retest the Support zone @102.920
I'll be looking to sell now or look for sells on lower time frames.
I am taking the trade and have put my levels as follows.
Stop loss @120.245
Take profit 1 @112.915
Take profit 2 @108.775
Take profit 3 @103.440
This is my own view on how the pair might play out. Your opinion will be highly appreciated.
