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BYKCAPITAL

CHFJPY short

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
BYKCAPITAL Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Support and Resistance Supply and Demand Multiple Time Frame Analysis priceactiontrading Bearish Patterns shortsetup swing swingtrading
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supportandresistance supplyanddemand mtfa priceactiontrading bearish shortsetup swing swingtrading
CHFJPY

-@monthly highs
_new weekly high(once we get closure above 170,534)
_As seen in previous Bearish Legs (HH) when a new HH is formed a consolidation period begins before any bearish movement to the downside

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Comment:
*Daily closure Above previous HH
*Waiting for 4HR Resistance and support to form before taking any shorts
*We seen in previous Bearish legs there's always a consolidation period that follow
Trade safe

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Comment:
Daily support @ 169,823
we in 4HR range if we get a sweep of 171,171 we be looking to short CHFJPY

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Comment:
Daily support Broken (pullback into FIB GOLDEN ZONE)
Currently at 4hr High(LH) TARGET 169,218(Previous LL)

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