Possible Short CHFJPY setup in the next 24-36 hours
This is not one of my most reliable pairs so i am not looking to take this as a reversal trade but it has good HTF confluence i will look for a High probability area valid trade setup.
Price is at a good sell zone on the daily
3rd touch Daily trend line
Corrective ascending 3rd touch 1h/4h wedge @ the 3rd touch daily
I will wait to see a clean impulse down and out of the ascending wedge.
Then a correction will need to form to confirm the downside breakout.
I'll look to take a short position said correction.
Price is at a good sell zone on the daily
3rd touch Daily trend line
Corrective ascending 3rd touch 1h/4h wedge @ the 3rd touch daily
I will wait to see a clean impulse down and out of the ascending wedge.
Then a correction will need to form to confirm the downside breakout.
I'll look to take a short position said correction.
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