CHFJPY Short Setup

FX:CHFJPY   Swiss Franc / Japanese Yen
Trend: Ranging
Structure: Flag pattern , Horizontal Channel

Plan: CHFJPY has formed a flag pattern with price trading within a horizontal range for the last month.

While this is a long term play we look to take a short at previous highs and trade it down to 0.5 fib level or previous lows.

MACD looks as if it is going to confirm soon. Please wait for this before entry