Get started
nakedchartist

CHFJPY with momentum short

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
nakedchartist  
FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY Parallel Channel
2
0
chfjpy parallelchannel
With price moving down for 4 consective weeks, I have joined in the short.
However, current price is a bit low on short,
Price seems to be currently forming a small channel.
I hope i am not shorting into support, in which I believe this support is meant to be broken in due time.
It seems to be the neckline of a large 1 yr descending triangle.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.