CHFJPY Short Direction: - The pair retested Source at the H4 OB (OrderBlock). - Reversal expected as liquidity was trapped at the Source. - At last level of Bullish Cycle.
Entry: - M ( Double Top ) Pattern Formation on the M15 & H1. - Divergence occurred on the H1. - RSI crossed volatility bands (Shark-fin). - RSI above 68, indicating pair was overbought. - Pair crossed 13 EMA confirming continuation of drop .
Exit: - 18 pip SL @ just above H4 OB & high. - 38 pip TP @ just above YL (Yesterday's Low).