CHFJPY Short
Since May each peak hits resistance, top blue line.
The most recent Peak was below than, signaling a reversal coming.
Confirmation of this is the pair breaking the support line below.
Since we've confirmed it's going down,
highly expecting this to transition into a large M formation
(harmonic pattern.)
Take Profit 1 at 110.58
Take Profit 2 at 109.665
Take Profit 3 at 108.772
Long term trade
Since May each peak hits resistance, top blue line.
The most recent Peak was below than, signaling a reversal coming.
Confirmation of this is the pair breaking the support line below.
Since we've confirmed it's going down,
highly expecting this to transition into a large M formation
(harmonic pattern.)
Take Profit 1 at 110.58
Take Profit 2 at 109.665
Take Profit 3 at 108.772
Long term trade