Aniefiok

Aniefiok

This is a long setup for CHFJPY and here are my reasons, I analysed the chart using multiple time frames, I switched to the weekly and identify the support and resistance, then I drew a trendline with the H4 timeframe and on this timeframe, a reversal candlestick appeared on the trendline upon retest which indicates a possible reversal.(which it started already)...

Aniefiok

From the chart which I analysed, I think that the price is heading to the resistance above and upon reaching there, I feel it's going to reverse to at least the level which I have indicated (support), my reason for that is is because in the weekly timeframe, the price is approaching the support line. what do you think?