CHFJPY setup for this week

3 Nis 2016

Hi traders,

For this pair I am looking at a short entry at 118.3 area.

• Previous support & resistance
  
• Trendline
  
• 1.618 fib of the most recent swing on lower timeframe (see below in comments)
  
• Completed AB=CD pattern (see below in comments)
  

Entry: 118.3
Stop: 119.3
Target 1: 116.46
Target 2: 114.33

Best of luck!