I am a bear on this pair..
CHF/JPY DAILY SHORT
21 above 55 market is bullish. price is currently bullish as well,but price is currently at MM3 projected target is MM1,therefor as a bear i am looking for opportunities to go short at (114.830/115.000)i will than use lower time frames to enter the trade..
CHF/JPY H4 SHORT
21.55 are flat market is sideways,therefor in a sideways market bears sell at the top bull buy at the bottom,price is currently holding at WM3 projected target is WM1,and we have an overbought stoch,therefor as a bear i am now eyeing to get reversal patterns at lower time frames for entry,or if price breaks this level i will than consider my second entry at,(115.000/WR1 confluence)..
CHF/JPY H1 SHORT
21 above 55 market is bullish,price is currently at resistance with an overbought stoch, as a bear i want to sell at resistance,i am looking for reversal patterns on lower time frames for entry,but if price can break this current resistance i will consider (115.000/DR2)as my next level of entry..