AB=CD Breakout retest from wedge.

OANDA:CHFJPY   Swiss Franc / Japanese Yen
27 0
to the left of the chart based on the 4 hours is a clear wedge / triangle pattern . Price has retested this in the form a 61.8 retracement.

The overall weekly trend is bearish so this helps as price will go bearish .

It is now at the 61.8 level so a nice pure pattern.

A trend line break out on the smaller time frame using a reversal candlestick plus divergence will be the entry point.
Dec 09
Order cancelled: No clear trend line breakout

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