CHFJPY – Triple top

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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