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HayatoDragonFX

CHFJPY, 4-hour timeframe, double top pattern

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Schweizisk franc/Japanska yen (FX:CHFJPY)  
HayatoDragonFX Uppdaterad   
FX:CHFJPY   Schweizisk franc/Japanska yen
Trend Analysis Chart Patterns CHFJPY chfjpyshort Double Top chfjpysell chfjpysetup chfjpyforecast chfjpyanalysis doubletoppattern doubletopreversal
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trendanalysis chartpattern chfjpy chfjpyshort doubletop chfjpysell chfjpysetup chfjpyforecast chfjpyanalysis doubletoppattern doubletopreversal
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
Handel aktiv:
perfect entry exactly from 114.30
now in floating profit
you can move SL to entry for safe trade
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