FX:CHFJPY   Franco suizo/Yen japonés
Hi Fighters,

Here are my notes for the CHFJPY since 12/16

The market is about to complete the D Ext of 112.30 on the weekly and daily it is overbought I am looking for a retracement down to the .382 area there is a uptrend line that will react at 110.50 which is a pivot area before that .382. There is a Bull Crown that could potentially form around the 109.00 area I would look to SELL once at CTL is formed

12/20 JPY BULLS ARE STARTING TO
MAKE THERE PUSH TO BRING THE PRICE DOWN TO FORM THE RIGHT END OF THE BULLISH CROWN THE DROP IF IT DOES MATCH UP TO WITH THE LEFT SIDE OF THE CROWN IS ABOUT 400 PIPS TO THE DOWNSIDE THE D EXT AT 112.20 HAS NOT BEEN HIT YET AND THERE IS NOT A CONFIRMED BREAK BUT GOING INTO NEXT WEEK THIS IS A GREAT PAIR TO LOOK AT SELLING

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