CHFJPY short setup and Shark forming

SETUP - This can still go higher a bit. The break down of the channel will help the shark forming. We can trade short the 4 correction or long the 5 wave after the shark completes.

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Wave III ending, retracement might be comming soon

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It went a bit higher just as expected

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Testing the bottom of the channel. Will reanalyse in a new chart to predict next move