CHFJPY Short Opportunity (300+ Pips)

Entry at 114.137
TP 1 at 112.521
TP 2 at 111.706

Harmonic Price pattern nearing completion + Bearish Flag + Divergence

Price is currently just below Monthly resistance, 200 SMA, and 38.2% retracement. It has been unsuccessful in making higher highs beyond this point for quite some time now.

Let me know your thoughts!

Comment:

Price just broke through monthly resistance but since it's a sudden bullish move, expect a retracement and/or retest of broken resistance.

Note also that price is an extremely overbought level.

Order cancelled:

Price has managed to maintain bullish momentum after breaking monthly resistance.