Keeping it simple...Swissy/J-Yen

Here's my favourite chart of the weekend. A 240 min Metatrader CHFJPY chart. A simple down sloping MLset and there is no doubt about P0 because there are no other possible candidates, so i can be pretty sure this is the dominant ML set in this time frame. What makes this such a sweet chart apart from price action on the centre line and LMLP and UMLP are the Action-Reaction lines drawn in red.They seem to describe perfectly the swing lows and swing highs the market has made in the past weeks/months. Now price is sitting bang on the Aqua-Blue UMLP.......It's a crucial point.....either price breaks through this level and continues to the yellow centre line or fails and reverses.......Of course if it does go though the aqua/blue UMLP it will probably retreat first and how easy it would be to get sucked into going short. I am sure there's a trade here one way or another but i am in no hurry and will wait to see where price wants to go and then try to have a piece of that move. I will try to put together a pattern and indicator based confirmation for a trade one way or the other and also check P0,P1 & P2 and the whole ML set in E-signal and in Ensign but i do not have Reaction Lines in these two packages hence showing the MT chart here.