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UnknownUnicorn772665

CHFJPY Short Trade *WEEKLY FIB & BEARISH TL*

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
UnknownUnicorn772665 Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CHFJPY chf jpy Fibonacci Retracement
2
0
trendanalysis chartpattern waveanalysis chfjpy chf jpy fibonacciretracement
CHFJPY has reached the weekly bearish TL for a 3rd touch. This aligns with the 0.618 fib retracement level at around 110.310

The 1hr bullish TL has been broken and price has retested and rejected it from below to form a lower high.

I am targeting the daily fib level around 109.00 to give an R:R of more than 5:1
Trade active
Trade closed: stop reached

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