CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵

Short

Franc suisse / Yen japonais (OANDA:CHFJPY)

OANDA:CHFJPY Franc suisse / Yen japonais

doubletoporbottom fibonacci supportandresistance chfjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy jpy japaneseyen containsimage

CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.

The price formed a double top pattern on that and broke its neckline.

Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363

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