CHFJPY - Biggest Trade Of The Year!

CHFJPY is setting up to what could be the biggest trade of the year. We are anticipating a drop of atleast 1,600pips!

We are currently in an ending diagonal indicating that we have almost completed this bullish wave and that we should be ready for to sell.

The breakdown of the ending diagonal is as follows: 5 waves consisting of 3 subwaves each. We are in the final 5th and final wave and looking for a massive breakdown soon.

Please note that the 5th wave can extend or fall short of the diagonal resistance so do take that into account.

Trade Idea:
- Watch for signals of reversal
- once seen, enter with stops above highs
- Targets: 167 (900pips), 160 (1600pips), Swing TP: 148 (2800pips)

You do to have to risk big to win big when it comes to swing trading!

Goodluck and as always, trade safe!