CHFJPY looks set to continue along its bearish path with a major downtrend in play on the Weekly.
We expect the local pennant to have atleast one more leg, before retesting the outer pennant (yellow) + the orange weekly downtrend and then continuing along whilst breaking lower.
Enter a trade short with SL just above current trendline.
We expect the local pennant to have atleast one more leg, before retesting the outer pennant (yellow) + the orange weekly downtrend and then continuing along whilst breaking lower.
Enter a trade short with SL just above current trendline.
