CHFJPY SHORT Waiting for price to break 115.08 level to see a continuation of the down trend to the next weekly support, sentiment in confluence with candle stick pattern from multi time frames and new lower lows being formed on a daily with a descending triangle also forming.
Enter 115.08
Stop 115.26 (-18 pips)
TP 114.34 (+74 Pips)
Mgtrades
MGT set for corrective waves?Wave 1- ~270-312
Wave 2- 311-289
Wave 3- 293- 360
Wave 4 (perpendicular to first wave)- 359- 327
Wave 5- 318-333
CHF/JPY SHORTBAT PATTERN FORMED INSIDE DESENDING TRIANGLE, HOPING TO SEE A REVERASAL FROM THE UPPER TREND LINE WHICH CAN ACT AS A NEW X - A LEG FOR A NEW ADVANCED PATTERN,
DECLINE OF THE MOVEMENT IS 177.50, IF THE MARKET EXCEEDS THIS POINT I'LL BE OUT.
SHORT ACCORDING TO RISK MANAGEMENT
REFERENCE: @DAKIK (Didn't notice this movement until they mentioned it, good shout)