CHFJPY SHORT SETUP

CONFLUENCE
1. Major Down-Trend with another minor DOWNTREND.
2. Previous Daily Candlestick breaks the last 7 candles structure and last 2 swing low.
3. Swing Low Break of Structure on Daily Timeframe.
4. Order Block highs is the Swing High.
5. Order BLOCK created a very wide FVG/imbalance right beneath itself in cause of an "Order-Flow" which is pulling back price to the spot for a "SHORT".
6. A Strong Sell Side Order Flow in 2bars of the 4H Timeframe.

There are 2 possible entries here


First Possible Entry.

Entry: 164.825
SL: 165.175 (35pips)
TP: 163.230 (159pips)

Second Possible Entry.
Entry: 164.570
SL: 165.175 (60pips)
TP: 163.230 (134pips)