CHFJPY: Trading Plan for Today

21 Agu 2020

CHFJPY has reached a strong 4H structure resistance.

on 1H the price formed a head and shoulders pattern on that, confirming the strength of that level.

now I am waiting for a neckline breakout (1H candle close below) to short the pair.

target levels:
116.12
115.82

if the market goes up and closes above the head, setup will be invalid.