CHFJPY: Contracting Triangle Signals Bullish Breakout
CHFJPY is forming a contracting triangle, with higher lows pushing into a horizontal resistance area around 201.40.
This is typically a bullish continuation pattern. Once the price breaks out of the pattern, it will signal an upward continuation move towards the targets shown on the chart near 201.80 and 202.30.
While the quick target can be easily reached as it is also part of the developing pattern.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
CHFJPY is forming a contracting triangle, with higher lows pushing into a horizontal resistance area around 201.40.
This is typically a bullish continuation pattern. Once the price breaks out of the pattern, it will signal an upward continuation move towards the targets shown on the chart near 201.80 and 202.30.
While the quick target can be easily reached as it is also part of the developing pattern.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.