Triple top in CHFJPY, will it breakout or reverse?
This is now a big question for all the traders in CHFJPY. Chfjpy is repeatedly hitting the 143.40 resistance
mark. This is now a triple top scenario but it is not yet certain if the price will reverse or if
CHFJPY will breakout.
If it reverses, then of course, 138 will be the target for the sellers. But, we need a big bearish impulse
at the resistance level to confirm the reversal. Right now the picture is not clear and if you are selling then
use a stop loss to reduce your loss.
Trade safe and wife my friends
mark. This is now a triple top scenario but it is not yet certain if the price will reverse or if
CHFJPY will breakout.
If it reverses, then of course, 138 will be the target for the sellers. But, we need a big bearish impulse
at the resistance level to confirm the reversal. Right now the picture is not clear and if you are selling then
use a stop loss to reduce your loss.
Trade safe and wife my friends