CHFJPY Been moving in Bearish Channel since 12 March 2019.
Several touches have been made in its upper trendline which
is acting as resistance.
Currently price has broken to the downside after several weeks
of consolidation (See consolidation Phase in 4HR timeframe).
Then, My honest patience is telling me to wait for a retest of broken
minor trendline in daily timeframe, before looking to majestically riding
this CHFJPY down to 106.274. This point will be my Take profit area with
318.6 Pips well locked in.
Several touches have been made in its upper trendline which
is acting as resistance.
Currently price has broken to the downside after several weeks
of consolidation (See consolidation Phase in 4HR timeframe).
Then, My honest patience is telling me to wait for a retest of broken
minor trendline in daily timeframe, before looking to majestically riding
this CHFJPY down to 106.274. This point will be my Take profit area with
318.6 Pips well locked in.