Gastunechi
Short

CHFJPY at the highs, looking to fall

OANDA:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY is contracting within the triangle formed by an ascending and a descending trend line .
The pair is currently at the descending trend line for the third time and is being rejected. Inside the formation, there is a mini upside trend line which is supporting the pair. This line has a high probability to be broken to the downside.
If the break happens, I will short trade the pair until 110.908.

In my sentiment, once 110.900 is reached, the pair can decline further down to 109.690
Trade closed: target reached
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