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NavelaKK
Aug 5, 2020 12:08 PM

CHFJPY SELL Short

Swiss Franc/Japanese YenFXCM

Description

Need to be patient as a few structures to consider,

we have the 2 internal structures with price currently at a smaller daily top (forgot to include) and the outer daily structure with double top.

Will keep an eye on how this moves, as potential for big sells soon.

Comment

Did not make to the double top, and I ended up missing the pull back (hate when that happens)!

potential for a right shoulder to form around 116.400 and ties in nicely for a retest

Comment

Pull backed as expected and moving nicely, hoping it breaks through the previous low and keeps going towards the green line at TP, here it may became bullish, but I will be trailing to see if we can smash it even further! go bears

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