WaveAnalysis
Short

CHFJPY Short Trade Setup

OANDA:CHFJPY   Swiss Franc / Japanese Yen
Hello Traders

My expectation is one more drop for the completion of the correction and my minimum target is 109.630 which is 0.382 retracement of up impulse and 0.118 extensions of A wave. But when it comes down to that level, the correction will be too small for upward impulse and it will probably come much deeper levels. It looks like it's making a reversal impulse now. That's why I'm waiting for a small correction to place an entry order.

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Trade with care.
Bulent
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