New Market on My Radar: CHFJPY

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New Market on My Radar: CHFJPYCHF/JPYOANDA:CHFJPYdarlwright**July 2, 2026 – New Market on My Radar: CHFJPY 👀** CHFJPY wasn't on my watchlist, but today's price action has brought it to my attention. This is shaping up as a potential **pullback short** at a major resistance area, with daily momentum already in a strong bearish trend. Before this market qualifies under my **VMS 2.0** rules, I still need to see two things at today's close: ✅ A confirmed bearish engulfing candle. ✅ A confirmed hook on momentum. If both conditions are present, I'll drop to the lower timeframes to look for volume confirmation and determine whether an entry is warranted. The bigger picture is also interesting. CHFJPY recently came off **all-time highs** following a **16-month uptrend**. If a larger reversal develops, there is considerable room to the downside, with the **190.00** area standing out as a major support zone. For now, nothing is confirmed. **Wait for the candle.** **Wait for the hook.** **Then let the VMS 2.0 checklist decide.** No predictions—just patience and process.