Amazing short opportunity CHFJPY - patience essential!!Swiss Franc vs Japanese YenICMARKETS:CHFJPYTranquilo1154Price Action analysis The recently ended bull trend started in June 2017 but for our purposes it is enough to look back from March 2022 - quite a powerful bullish move, you would agree. My weekly chart shows that this trend got exhausted in Feb 2026 and price started consolidating until end July and then broke down. This was the time when the combined intervention of the Japanese and USA govts happened - to prop up the Yen that had been consistently weak. Moving to the daily chart for a closer look, we see that for the past few days, price has been pulling back/consolidating and a retest of the zone around the 197-199 could happen soon. If we get a re-test followed by some bearish evidence, we could be looking at a long-lasting opportunity to ride a newly forming bearish trend. Note that on all the time frames, structure and trend is bearish. Trade parameters Entry – as described above. Stop – above the previous swing high. Target(s) – will depend on your trading style, I would probably set my 1st target at 192.560, take partial profit and let the balance continue risk free. General comment If this trade gets activated, I feel that staying patient will be necessary to draw the maximum benefit. There is substantial market manipulation these days, gaps are seen frequently and trading with a smaller position size, giving extra space for stops is recommended. As always, nothing in trading is ever 100%, so please allow price action to fully develop in your desired direction, rely more on higher time frame indications before making any trade execution and management decision. This is not a trade recommendation