1st confimation:(Currency strength)
According to trading view forex screener JPY is second most strongest currency after USD & CHF is most weakest currency of all major currencies. These makes CHF/JPY pair go for sell..
2nd confirmation:( Ichimoku kinko hyo)
Price crossed the cloud.
Tenkan crossed kijun.
Chikou span favours.
Cloud transformed to red.
Direction of Kijun favours.
3rd confirmation:(Drawn on chart)
You can see that price makes a downtrend after a consolidation(or a small uptrend)..& now is the time for downtrend.
According to trading view forex screener JPY is second most strongest currency after USD & CHF is most weakest currency of all major currencies. These makes CHF/JPY pair go for sell..
2nd confirmation:( Ichimoku kinko hyo)
Price crossed the cloud.
Tenkan crossed kijun.
Chikou span favours.
Cloud transformed to red.
Direction of Kijun favours.
3rd confirmation:(Drawn on chart)
You can see that price makes a downtrend after a consolidation(or a small uptrend)..& now is the time for downtrend.
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