CHFJPY setup for this week

FX:CHFJPY   Swiss Franc / Japanese Yen
Hi traders,

For this pair I am looking at a short entry at 118.3 area.
  • Previous support & resistance
  • Trendline
  • 1.618 fib of the most recent swing on lower timeframe (see below in comments)
  • Completed AB=CD pattern (see below in comments)

Entry: 118.3
Stop: 119.3
Target 1: 116.46
Target 2: 114.33

Best of luck!
AB=CD and 1.618 fib on the 4h chart.
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