NTrading
Short

CHFJPY breakout of the flag

FX:CHFJPY   Swiss Franc / Japanese Yen
41 0 4
CHFJPY             did an impulse down and now it is in correction. Breaking out of the flag formation it will give a good short position. However if it breaks the low, we will start getting divergence.

My trade will be invalid if it breaks the downtrend structure.

Thank you for your support!
Comment: Alternative view

snapshot


In situations like this, i stay away till the direction is absolutely clear.
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