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UnknownUnicorn13181475
May 4, 2021 7:11 AM

CHFJPY 1h Falling Wedge Short

Swiss Franc/Japanese YenFXCM

Description

3 confluences for this trade
- price rejected the upper trendline, sticking to bearish structure plan
- price broke bullish trendline with a strong bearish impulse
- price is forming a falling wedge

This is very similar to a trade I took on GBPCAD/EURCAD recently which was a 300 pip move.
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