munyaelliott

CHF/JPY 4-HOUR TIMEFRAME SHORT

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
So the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and the target does not change as always, at the bottom of the flag pattern . Let there be bears! And may the force be with you, as we wait for the Star Wars movie to drop!

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