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Flavius_Palade

VERY INTERESTING IDEA CHFJPY , could be a 200 pips downtrend re

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
Flavius_Palade  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns short
14
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trendanalysis harmonicpatterns chartpattern short
As we can se we have 2 major support and ressistance levels that worked well in the past , the price had a bullish mommentum and touch resistance level at 114.350 , if we pay attenction to candle formation we can see the price has formed an evening star on both 4 hours chat and daily chart , we can also see RSI and Stochastic indicator in an overbought possition . With all that in mind I beleive the price will drop till his support levet at 112.500.
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