Trend: Ranging
Structure: Flag pattern, Horizontal Channel
Plan: CHFJPY has formed a flag pattern with price trading within a horizontal range for the last month.
While this is a long term play we look to take a short at previous highs and trade it down to 0.5 fib level or previous lows.
MACD looks as if it is going to confirm soon. Please wait for this before entry
Structure: Flag pattern, Horizontal Channel
Plan: CHFJPY has formed a flag pattern with price trading within a horizontal range for the last month.
While this is a long term play we look to take a short at previous highs and trade it down to 0.5 fib level or previous lows.
MACD looks as if it is going to confirm soon. Please wait for this before entry