CHFJPY Look for bearish continuation price action
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Hi traders
Also looking at most of the JPY pairs for potential sell continuations.
From the top of the overall price action, we had the strong bearish impulse down, followed by a consolidation period.
Naturally we know price needs to correct after a strong move, and we are seeing some good price development here on the lower time frame.
With a few swing highs and lows, we can reasonably expect a potential finish of the correction.
Watch for some lower time frame bearish impulse phase to begin, and look for the sell entries.
If price can breakout of the HTF ascending channel, then expect further continuation correction and add to the sell.
thank you
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