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Trading Idea - CHF/JPY, 27-04-2021
Trading Signal: CHFJPY
| Order | Sell |
| Direction | Bearish |
| Pattern | Trading in downward channel |
| Interval | 1 hour |
| Length (Candles) | 5 |
Idea Summary
Medium term CHFJPY forecast is bearish. The technical analysis of the CHFJPY chart in 1-hour timeframe reveals the pair is declining after reflecting off the upper bound of the downtrend channel. There is a small likelihood the price may reverse to test the upper bound again.
Note:
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