Looking for short at CHFJPY

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Franc Swiss / Yen Jepun (FX:CHFJPY)

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FX:CHFJPY Franc Swiss / Yen Jepun

trendanalysis chartpattern chfjpy short sell bearish tradingbay

After price break the pevious up-trend, we saw a big bearish momentum take price down to 111.20! Now in consolidation fase we saw 2 rejections on 38.2%fib level. Waiting on candle closure below 23.6% to enter with final target around 110.50!

What do you think? Leave a comment! And please, dont forget to like as this is how i know if i should keep sending my analysis! Appreciate!

Komen:

first entry closed at +60pips!
re-entering again at 111.50 with 20pips SL

Komen:

Second entry +20pips before hiting entrypoint

Komen:

Could look for another entry short, but this 111.20 support is holding pretty nice.. Will stay out for now and see what happens

Penafian

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