CHFJPY: Preparing For Trend Reversal for FX:CHFJPY by VasilyTrader — TradingView

Trend Analysis Chart Patterns Wave Analysis chf jpy yen japaneseyen swissfranc CHFJPY Forex swing swingtrading

trendanalysis chartpattern waveanalysis chf jpy yen japaneseyen swissfranc chfjpy forex swing swingtrading

snapshot

CHFJPY formed a huge h&s pattern on a daily chart.

Though its left shoulder looks a bit weird, the pattern is valid from a price action perspective.

The price is now stuck on the horizontal neckline.
The trigger that we are waiting for is its bearish breakout (daily candle close below),
then a strong bearish wave will be expected.

Potential goal - 114.0

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