CHFJPY H1 SHORT PRICE ACTION FORECAST

The Swiss Franc started the Asian session in a strong bullish note breaking through the descending trendline, capturing unexpected traders with this swiftly move.

Reaching a resistance level, where the last two candles at the H1 domain signaling total rejection from the zone mentioned and RSI deep into the overbought territory, allows the setup of a short entry.

The order:
Type: sell-limit
S/L: 20 pips - R:R | 1:2.5 -
T/P: aiming towards the previous resistance level.

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