Get started
MeetMattL1

CHFJPY Wedge

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
MeetMattL1 Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns CHFJPY chfjpyshort wedgebreakout short chf
4
0
trendanalysis chartpattern chfjpy chfjpyshort wedgebreakout short chf
Strong wedge formation on the daily. We've broken the structure on the 4h but have not had a strong bear candle below on the daily.

For the safer entry look for a strong bear close below on the daily. For the slightly riskier entry look for a rejection of the retest on the 4h.

Patience on this trade will be important. It will not play out overnight but patience pays!
Comment:
Floating a profit of roughly 75 pips.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.