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ICFX

Double top Head and Shoulders below 200 EMA / Go short

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
ICFX Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns CHFJPY
2
0
trendanalysis chartpattern chfjpy
4 hours currency strength indicator confirms the short position. JPY is gaining strength while CHF is weakening. I set my first target at 38 pips.
Trade active:
Price can pull back 20-30 pips to Ichimoku cloud resistance before the next big drop. I expect the drop of about 192 pips (the distance from the head top to the neckline) to a descending 4 hours trendline that touches from 27.12.17 - 10.01.18 - 26.03.18.
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