CHFJPY breakout of the flag

18 ส.ค. 2016

CHFJPY did an impulse down and now it is in correction. Breaking out of the flag formation it will give a good short position. However if it breaks the low, we will start getting divergence.

My trade will be invalid if it breaks the downtrend structure.

Thank you for your support!

18 ส.ค. 2016

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In situations like this, i stay away till the direction is absolutely clear.