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JD_TeenTrader

A 1:7 Risk to Reward SHORT on CHFYEN

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
JD_TeenTrader  
FX:CHFJPY   Swiss Franc / Japanese Yen
Harmonic Patterns Technical Indicators Trend Analysis yenpairs sellyen chfyen sellsignal rsi_divergence rsidivergence
8
2
harmonicpatterns indicator trendanalysis yenpairs sellyen chfyen sellsignal rsi_divergence rsidivergence
This pair has exploded upwards and needs a correction to the downside.

It is massively overbought on W1, Daily, H4.

H4 is showing divergence.

The resistance at 148.85 is very strong and there is a nice harmonic pattern.

Target 1 is about 500 pips away with an 80 pip SL.

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