CHFJPY: 4 hour sell setup Short

Swiss Franc/Japanese YenFXCM

Description

⋅ Jan 17, 2016 10:58 PM

Expecting further downside in the pair and short opportunity once price breaks below the structure shown in the chart. Breakout we will see probably very soon and is going to be huge in my view.

Comment

⋅ Jan 20, 2016 8:50 AM

got the break to the downside.

Comments

mehrdad4

⋅ Jan 18, 2016 12:51 PM

piphunters

⋅ Jan 18, 2016 3:59 PM

on the daily it looks so yes but check the monthly and you may have a different view perhaps

mehrdad4

⋅ Jan 18, 2016 12:51 PM

In large scale it seems buy opportunity.

SynergyFX

⋅ Jan 18, 2016 11:22 AM

Just curious - how do you determine your targets? Cheers!

piphunters

⋅ Jan 18, 2016 3:59 PM

I determine targets based on structure or fib

dexstriker27

⋅ Jan 17, 2016 11:26 PM

Is that wave 4 correction for weekly?

piphunters

⋅ Jan 17, 2016 11:28 PM

didn't base setup on Elliot count actually.