CHFJPY Elliott Wave

hello friends
In the CHFJPY currency pair, we see a complete 5-wave pattern with waves 1-5 completed.
Apparently, wave 5 is an end triangle, one of its characteristics is the formation of small waves that overlap each other.
These microwaves diverge from each other. This means that the price has increased, but the RSI indicator has decreased.
Wave 3 has a divergence with wave 5, which confirms the hypothesis.
Although nothing is certain in the financial markets, so stop loss should be placed in the right place and capital management should be followed.
My suggestion is to set a stop loss in the range of 174.22, of course, provided that the bottom trend line of wave 5 is broken.
Our hypothesis for trading in this analysis is the break of the trend line drawn at the bottom of wave 5.
If the desired bottom is broken and pullback hits it, you can enter the sell trade.


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