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vergecap

Rising Wedge Breakout

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
vergecap  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns rising wedgebreakout
2
1
trendanalysis chartpattern rising wedgebreakout
We saw a strong wick on the daily get rejected by the resistance at 143, and we looking to enter on the 4H pullback after the rising wedge breakout
CHFJPYcurrently hovering at the Daily Resistance Level and has broken out of a bearish Rising Wedge Pattern the key level is broken and Retested so, i predict a bearish move to go and retest the previous support around 138.00


TRADE RECOMMENDATION

SELL CHFJPY
ENTRY PRICE : 141.500
STOP LOSS : 144:00
TAKE PROFIT :138.00
EXP 1 OCTOBER 2022
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