CHFJPY Sell signal on the Channel Up.
CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern.
This is a Higher High sell signal which has a triple level target.
Trading Plan:
1. Sell on the current market price.
2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support.
Targets:
1. 157.500 (the 0.5 Fibonacci, Rising Support and potential contact with the MA50 1d).
2. 164.000 (Higher High).
Tips:
1. The RSI (1d) crossed under its MA giving an additional sell signal. Moreover the 53.50 Support, has given an accurate sell target and in turn buy entry, 3 times inside 2 months.
Please like, follow and comment!!
This is a Higher High sell signal which has a triple level target.
Trading Plan:
1. Sell on the current market price.
2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support.
Targets:
1. 157.500 (the 0.5 Fibonacci, Rising Support and potential contact with the MA50 1d).
2. 164.000 (Higher High).
Tips:
1. The RSI (1d) crossed under its MA giving an additional sell signal. Moreover the 53.50 Support, has given an accurate sell target and in turn buy entry, 3 times inside 2 months.
Please like, follow and comment!!
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