CHF/JPY - Short

FX:CHFJPY   Swiss Franc / Japanese Yen
Price has been in a descending channel . Price recently touched the roof of this channel and made a strong move to the downside. Usually, price retraces after making a strong move to the downside, so to find and entry, i will wait for price to break the recent support it has created at 116.508 to confirm that is will continue to the downside. This entry is a little bit late and it would've been nicer if I entered after it touched the roof. There was also a double top created which is extra confirmation.


Long mate
Last entry stop loss can be triggered
mannyosd doctyfresh599
@doctyfresh599, I see what you mean, but I don't want to put it any higher to cut losses short. I probably won't take this trade anyway.