CHFJPY, 4-hour timeframe, double top pattern

14 Tem 2020

Based on the 4hr chart we could see there is a potential double top pattern on this pair.
Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high.

Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop

Sell CHFJPY 114.30-35
Stop loss 114.80
Take profit 1 @113.35
Take profit 2 @112.20

good luck

15 Tem 2020

İşlem aktif

perfect entry exactly from 114.30
now in floating profit
you can move SL to entry for safe trade