CHFJPY Short - EW Correction to Pivot

٢٠ أغسطس ٢٠١٥

CHFJPY has completed a 5 wave impulse and is due for a correction. Bearish divergence in addition to a trendline break provide indication that the correction has started. Entry at the break and target at the .5 fib above unhit daily pivot provide a nice R/R for a short trade.