CHFJPY Wedge Short Setup Short

Swiss Franc/Japanese YenFXCM

Description

⋅ Jul 27, 2021 6:23 AM

Trend: Bearish in the short term
Structure: Wedge parttern

Plan:
It appears that a wedge pattern is forming, price has tested the upper trend line multiple times and we now look at the latest bounce as a potential short to 0.5Fib level.

Support and Resistance Trend Lines