HMI

Possible Short CHFJPY setup in the next 24-36 hours

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
This is not one of my most reliable pairs so i am not looking to take this as a reversal trade but it has good HTF confluence i will look for a High probability area valid trade setup.
Price is at a good sell zone on the daily
3rd touch Daily trend line
Corrective ascending 3rd touch 1h/4h wedge @ the 3rd touch daily

I will wait to see a clean impulse down and out of the ascending wedge.
Then a correction will need to form to confirm the downside breakout.

I'll look to take a short position said correction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.