beanoclock

CHFJPY 1h Falling Wedge

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
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2
3 confluences for this trade
- price rejected the upper trendline, sticking to bearish structure plan
- price broke bullish trendline with a strong bearish impulse
- price is forming a falling wedge

This is very similar to a trade I took on GBPCAD / EURCAD recently which was a 300 pip move.

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