CHFJPY Swing Short – Fading SNB Strength at Resistance

CHFJPY

✅ CHF/JPY Trade Setup
CHFJPY CHFJPY
🟥 CHF/JPY Swing Short – Reversal from Supply Zone

🟥 SHORT CHF/JPY @ 177.730 (Swing Trade)

✅ Catalyst: Bearish engulfing + RSI divergence at key resistance; macro favoring JPY strength vs. CHF.

🛑 SL: 178.466

🎯 TP1: 176.300 (1:1.9 R:R)
🎯 TP2: 175.505 (1:3.1 R:R)
🎯 TP3: 174.850 (1:4.0 R:R)

📊 Chart: Strong supply zone near 178.40 held firm. Price broke structure and retested. Momentum shift confirmed with lower high + MACD flip.

🌍 Context: SNB remains dovish, while BoJ cautiously turns hawkish. Risk sentiment shifts may further favor the yen as safe-haven flow returns.

💬 “SNB bleeding CHF strength — shorting this bounce or waiting for the break of 176? 👇”

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