CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵

Short

Franco svizzero / Yen giapponese (OANDA:CHFJPY)

OANDA:CHFJPY Franco svizzero / Yen giapponese

Double Top or Bottom Fibonacci Support and Resistance CHFJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy jpy japaneseyen Contains image

doubletoporbottom fibonacci supportandresistance chfjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy jpy japaneseyen containsimage

snapshot

CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.

The price formed a double top pattern on that and broke its neckline.

Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363

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