CHFJPY: Preparing For Trend Reversal

4 במרץ 2021

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