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Chf-jpy

CHFJPY SHORTCHFJPY on the 12th of January, I had 2 ideas on CHFJPY, it gained momentum and broke up wards towards the key level i thought it would break by, 113.67 - 114.264 key level range so I closed my positions because the "M" pattern was broken Then on Wednesday or thursday of last week, I opened another short from 114 but closed because I was too close to my stop loss, had taken some losses on gold so i wanted to stop trading for the day and just wanted to focus on gold but now if i look at it It broke right where I predicted, so to add to my TA I believe we are still within the key level area 114.2 - 113.73, I will watch as the day open but could possibly open a short from here to 111.9 if it fails to break above this area, so I will watch this area and Try to catch a short to 113 or 112.6 based on a fib retracement from the top of the daily if chfjpy breaks above this level I think it could go higher towards 115.5 but I think a retracement will happen before then 112.5 first Tp DM TO JOIN MY TELEGRAM
Short
by wubsworld
CHF/JPY SHORT on M PatternMonthly: Bullish trend, over the last year it looks like a cup pattern which would be completed by a push to 113.670 Weekly: Bullish continuation from double bottom at 107.170 in september 2019, In the last few weeks we have area with a lot of movement between 112.5 and 111.3 in which we then broke above Daily: Watching 112.74 as peak resistance before a pullback, I see a M pattern on its third leg since the 19th of Dec, 2019, 112.74 marks the top of the last leg and 112.3 marks a area where M will be confirmed. 112.3 is a major key level because it will break below and confirm continuation of M pattern or pull back and push to 113.67
by wubsworld