CHFJPY SHORT

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CHFJPY Short from the 112.500 area. This area has confluence with the 38.2 fib level, along with a strong monthy resistance area, and a very bearish 1h close below that area causing the intraday structure to stop forming higher highs and higher lows. I like this move to go about 90 pips to the downside to around the 111.600 area. Buyers seem trapped at that intraday high where it rejected the 4h trendline.
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Entry 112.500
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TP Hit +90 pips
Chart PatternsCHFJPYTechnical IndicatorsshortTrend Analysis

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