A 1:7 Risk to Reward SHORT on CHFYEN

This pair has exploded upwards and needs a correction to the downside.

It is massively overbought on W1, Daily, H4.

H4 is showing divergence.

The resistance at 148.85 is very strong and there is a nice harmonic pattern.

Target 1 is about 500 pips away with an 80 pip SL.