CHFJPY | 4H Descending Channel RejectionSwiss Franc vs. Japanese YenFX:CHFJPYByteSignalsCHFJPY remains in a well-defined descending channel on the 4H timeframe, with price recently rejecting the upper trendline. As long as price stays below channel resistance, the short-term bias remains bearish. I'm looking for a move back toward the lower boundary of the channel, which also aligns with the range support. 📌 Trade Setup Entry: Around 200.23 Stop Loss: 201.13 (above channel resistance) Take Profit: 198.40 (channel support) Why I'm bearish: ✅ Price rejected the upper trendline of the descending channel. ✅ Lower highs continue to respect the bearish structure. ✅ Risk-to-reward is favorable with a clear invalidation level. A breakout above the channel would invalidate this setup, but until then, sellers remain in control. This is my personal analysis, not financial advice. Always manage your risk. #CHFJPY #Forex #TradingView #PriceAction #DescendingChannel #TechnicalAnalysis #ShortTrade