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Title
CHFJPY, H4 | Potential Sells at key overlap
Type
Bearish Reversal
Preference:
We might potentially see price test the overlap resistance before pushing downwards towards the 1st support level. It's worth noting that there is an intermediate support here where price needs to break to trigger a further acceleration down. Alternative Scenario: Price might potentially head back up towards the 1st resistance level.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.