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byStoyan
Feb 18, 2020 10:50 PM

CHFJPY retrace expected Short

Swiss Franc/Japanese YenFXCM

Description

There is clear H&S formation and I expect a pullback to the neckline before continuing downward move.
Comments
Babyjew
looks like SL hunting to me
Babyjew
could this be whats going on?
byStoyan
@Babyjew, Overnight we got some disastrous economical data from Japan which is why we see this happening so fast. We are on that level right now and I am mostly negative that it will hold (H&S + Fib level cross area). I entered with 0.2 size which now holds but let's if we get a pullback to reposition ourselves up or we get stopped out.
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