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Mpattern

Thoughts on CHFJPY (Video, short position)Hello everyone! Just as I mention in the video, in summary and in case you don't want to see a 6-minute-video, I think the market is going to be bearish at the moment because of the resistance found. To enter the market more confident on a short position, I recommend you to wait for more bearish candlesticks as I mentioned at the end of the video. Remember, short position is not because of the harmonic pattern (it failed, it hit the SL) or the M pattern (it already went to the target and it's not likely to do it again). The short position is because of the resistance found. If it happen that you as a reader (or viewer) are in the trade, keep in mind this. See you next time! Do you have any other ideas? Let me know on the comments.
Short
by pinoso