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A1Investments

Buy CHF/JPY Reverse Head & Shoulder Pattern

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
A1Investments Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Head and Shoulders invertedheadandshoulders Inverse Head and Shoulders trendreversalpattern trendreversal chfjpylong longsetup forexsignals forextrading
3
0
trendanalysis chartpattern headandshoulders invertedheadandshoulders inverseheadandshoulders trendreversalpattern trendreversal chfjpylong longsetup forexsignals forextrading
This reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!

Trade Details :

Entry : 107.950
SL : 107.800
TP : 109.000

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Trade closed: stop reached:
False inverted head & shoulders pattern. SL hit at -15 pips. Looking to go long in the long-term.
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