CHFJPY ____ INCOMING BEARISH MOVE

Hello Guys,

We have on our hands a sweet sell opportunity to capitalize on. CHFJPY recently reached an expected high which price is meant to ease the bullish rally.

What we can see on the daily is a manipulation of buyers to go long then the sellers jumped in. Now I am expecting the price to continue the short selling after entering into the daily order block which should give price momentum to create another bearish leg.

Once the price gets into the daily order block again, I will be looking for CHOCH to go short to my TP.

Follow me for more trade analysis.

Cheers,
David