WicktatorFX

CHFJPY - 330pips So Far! How To Enter Now?

FX:CHFJPY   Swiss Franc / Japanese Yen
Last time we analysed CHFJPY , we were anticipating a double top which we got. Price dropped a total of 330pips so far will continue to drop. There may be a retracement period which we need to look out for.

The retracement will be a bear flag or an ascending correction. Ideally we'd want it to reach the area of interest indicated in the chart so we can get a clear entry. If not, we can enter on the break of the correction with stops above the correction.

See chart update for lower timeframe analysis.

Goodluck and trade safe!
Comment: Looking for bear flags
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