CHFJPY sell opportunity setting up

Hello,

A potential selling opportunity is setting up on the CHFJPY pair on the 45-minute chart. The pair is currently forming a corrective pattern, as shown in the analysis, and is approaching the moving average—signaling a potential continuation of the downtrend.

Additionally, the MACD indicator has just registered a zero-line crossover, further strengthening the bearish outlook.

For risk management, consider placing a stop loss just above the previous correction level, around 169.62, to mitigate potential reversals.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Good luck!