The CHFJPY pair has been in a strong impulsive uptrend for over a week, but we may now be seeing signs of exhaustion.
On the 4-hour chart, price has printed a shooting star reversal pattern and is currently forming an engulfing candle — we’ll be watching closely for confirmation when this 4H candle closes at 1 p.m. EST.
Here’s what we need to see before acting:
Volume: Must be 80+ for confirmation.
Momentum: Currently pointing downward — A+.
Structure: Clear rejection after a strong impulsive move upward.
If volume confirms, this could shape up to be a high-probability sell opportunity, marking the potential start of a deeper pullback or full reversal.
I’ve identified two possible downside targets (Target 1 & Target 2) if this setup completes — chart is posted for visual reference.
As always, this is for educational purposes only — not financial advice.
Do your own research before investing or trading live funds.
Patience first, confirmation second.
#CHFJPY #VMS #ForexAcademy #ForexTrading #ReversalSetup #ShootingStar #AlignedExecution #PatienceAndDiscipline
On the 4-hour chart, price has printed a shooting star reversal pattern and is currently forming an engulfing candle — we’ll be watching closely for confirmation when this 4H candle closes at 1 p.m. EST.
Here’s what we need to see before acting:
Volume: Must be 80+ for confirmation.
Momentum: Currently pointing downward — A+.
Structure: Clear rejection after a strong impulsive move upward.
If volume confirms, this could shape up to be a high-probability sell opportunity, marking the potential start of a deeper pullback or full reversal.
I’ve identified two possible downside targets (Target 1 & Target 2) if this setup completes — chart is posted for visual reference.
As always, this is for educational purposes only — not financial advice.
Do your own research before investing or trading live funds.
Patience first, confirmation second.
#CHFJPY #VMS #ForexAcademy #ForexTrading #ReversalSetup #ShootingStar #AlignedExecution #PatienceAndDiscipline
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。