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MeetMattL1
Aug 8, 2018 9:33 PM

CHFJPY Wedge  Short

Swiss Franc/Japanese YenFXCM

Description

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.
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