CHFJPY Short Trade Setup
Hello Traders
The last top looks like the end of the expanding flat. If so, the sharp drop should be the reversal impulse, and now, a correction should be in the making. I'm waiting for a reversal pattern to place a pending order. If it drops that will be great. If t makes the B wave, I'll probably move SL to BE and let it go or I'll hedge my trade in order to hedge it at the end of C.
Trade with care.
Bulent
The last top looks like the end of the expanding flat. If so, the sharp drop should be the reversal impulse, and now, a correction should be in the making. I'm waiting for a reversal pattern to place a pending order. If it drops that will be great. If t makes the B wave, I'll probably move SL to BE and let it go or I'll hedge my trade in order to hedge it at the end of C.
Trade with care.
Bulent
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