TimStuyts
Short

CHFJPY watch for perfect sell scenario

FX:CHFJPY   Swiss Franc / Japanese Yen
139 0 6
I'm looking for a last new high within this consolidation on the 1hr time frame. It looks a lot like a correction in the shape of a wave B. Therefore I'm looking for confluence between structure and wave count. If we see 7 legs within this consolidation followed by a bearish break-out, this bearish break-out will be an even higher probability short towards 116.20 and maybe lower.

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