**CHFJPY — VMS WATCHLIST | Potential Swing #6**CHF/JPYOANDA:CHFJPYdarlwright8.20.2026 We're adding CHFJPY to the watchlist. Price remains in an established **downtrend** and may now be developing **swing #6**. What makes the current area interesting is structure. Price is stalling around **198.90**, an area that lines up with the previous **#3 swing low** and could now act as resistance. But structure alone isn't enough to take a trade. We're watching for: • Continued rejection around the 198.90 area • A convincing bearish rejection/trigger candle • Momentum to complete a **bearish hook** If those pieces come together, we'll move to the next step and evaluate the rest of the VMS confirmation. For now: **CHFJPY — WATCHLIST ONLY** Let the market show us what it wants to do. Preparation • Execution • Consistency. #CHFJPY #ForexTrading #VMS #VMS2 #ForexAcademy #MarketStructure #TechnicalAnalysis