CHFJPY: Bearish Move Started?!
Last week we spotted a major rising parallel channel on weekly.
As you remember, a bearish move was expected after a touch of its resistance.
This morning we see multiple bearish clues on intraday time frames.
On 4H the price formed a head and shoulders pattern;
broke and closed below a rising trend line and violated a horizontal neckline to the downside as well.
Now I expect a bearish continuation.