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glennmercer
Aug 20, 2015 1:56 PM

CHFJPY Short - EW Correction to Pivot Short

Swiss Franc/Japanese YenFXCM

Description

CHFJPY has completed a 5 wave impulse and is due for a correction. Bearish divergence in addition to a trendline break provide indication that the correction has started. Entry at the break and target at the .5 fib above unhit daily pivot provide a nice R/R for a short trade.
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