CHFJPY - several indications for a short 05.12.18

An interesting change in pattern seems to be forming for the CHF/JPY cross (daily)

As we can see from the chart, there are three signs that might substantiate this bearish theory.

a) The 50 (red) moving average is going to cross the 20 moving average (blue).
b) MACD crossing over
c) The Kimura trading ‘Sniper pattern’ showing several Spinning top formations which suggest a change in trend.

Based on these, I think it might e a good idea to go short from these levels? Target would be the 200 moving average (green).

What do you think?

 

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