CHFJPY - head and shoulder
i"m going for short on this pair .
that's why:
1. on weekly time frame price reached to previous resistance (left shoulder) .
2. on weekly time frame we can see 2 pattern: 1. head and shoulder 2. double top
3.on the RSI (14) the signs shows me bearish divergence.
however on weekly time frame we can't see any bearish candlestick confirmation yet, so i recommend you wait for bearish candlestick that confirm our analysis of this pair to go SHORT!
that's why:
1. on weekly time frame price reached to previous resistance (left shoulder) .
2. on weekly time frame we can see 2 pattern: 1. head and shoulder 2. double top
3.on the RSI (14) the signs shows me bearish divergence.
however on weekly time frame we can't see any bearish candlestick confirmation yet, so i recommend you wait for bearish candlestick that confirm our analysis of this pair to go SHORT!
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