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  • Vasily Trader

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.


Goals:

123.55

122.8

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