Abdul_Light
Short

CHF/JPY - Here come's the bears

OANDA:CHFJPY   Swiss Franc / Japanese Yen
The CHF has been a really stable currency with the unemploment remaining at 3.2%, and decrease from last months 3.3% and from that we've seen significant strength on the CHF - But right now the CHF is at a peak level where we've had numerous price action rejections showing us that this market is in favour of the bears and not the bulls, we've had a clear pin bar rejection on the daily at the top of the range, with the market dropping to a price level of 117.550, using that same region as a resistance as it had done before. CHF is playing the perfect cycle, it's gone long, with now the bulls weakning and the bears coming over.
Nice trade mate! Currently, in profit. Thank you.
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nice catch there, good luck
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Abdul_Light DianKemala
@DianKemala, Thanks buddy, had a look at your analysis looks great as well, the bias is definitely long if this gets stopped out !
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