CHF/JPY – 1H Analysis: Bearish Reversal

Current Trend: Bullish
📉 Reversal Outlook: Bearish
📊 Technical Confluence Observed:

✅ A bearish divergence has formed, signaling weakening bullish momentum.

📐 The Fibonacci retracement has hit the 3.82 extension, adding further confluence to a potential reversal.

📉 A Rising Wedge pattern is currently forming – a classic bearish reversal setup.

Double Top Bearish Reversal Pattern has also formed.

⚠️ With strong multi-factor bearish signals in play, I am placing a Sell Stop with calculated risk and reward in mind.

🟢 Trade Setup
Pair: CHF/JPY
Timeframe: 1H
Strategy: Bearish Reversal Entry (Sell Stop)

Sell Stop Entry: 176.818
Stop Loss: 177.753
Take Profit 1: 175.851
Take Profit 2: 174.894
Risk–Reward: 1:1 and 1:2
Risk: $200
Reward: $300
Lot Size: (Adjust based on risk %)

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