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

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