CHFJPY beautiful sell setup forming
Multitimeframe analysis. on the higher timeframe price has reached the key resistance line (in red).
On a medium timeframe, there is an RSI divergence off the last double top that has formed.
On the shortest timeframe (15 and 1H) price has broken the upwards trendline.
I will be entering with a bigger position than usual on the retest of the short term trend line as this is a picture-perfect setup in my opinion.
On a medium timeframe, there is an RSI divergence off the last double top that has formed.
On the shortest timeframe (15 and 1H) price has broken the upwards trendline.
I will be entering with a bigger position than usual on the retest of the short term trend line as this is a picture-perfect setup in my opinion.
Note
and here is the daily timeframe view of the red trendline:Transaction en cours
Entered before the retest as price looks so weak that it might not retest after all..
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.