We can see potential triple top forming on CHFJPY
However looking at 1 Hour we have two setups
Let’s look at the continuation setup – Potential buy
1. Clear uptrend on 1 hour – supported by trend line
2. Price broke the previous resistance and made a new high – potential higher high setup
3. Price can retest the resistance and create a new or similar high
Now lets look at another angle – Potential reversal setup – Sell
1.As price rejected daily supply zone and there are chances of potential triple top
2.Valid sell setup will only be confirmed by creating lower high structure – where in price has to break the previous resistance and subsequently break the trend line with an impulse
3. Sell setup can we taken at retest as shown below
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