CHFJPY: Update - Price Development Within a Pattern
From the previous idea, we can see that the price tested the neckline of the pattern for the fourth time.
Now it is moving down again.
Overall, the price is in a type of correction and it seems trapped within some sort of triangular pattern here.
Any price breakdown from the triangle would increase the chances of a further bearish momentum.
Targets:
122.20
121.55
Thanks and Good Luck!
Previous Idea:
Now it is moving down again.
Overall, the price is in a type of correction and it seems trapped within some sort of triangular pattern here.
Any price breakdown from the triangle would increase the chances of a further bearish momentum.
Targets:
122.20
121.55
Thanks and Good Luck!
Previous Idea:
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
www.youtube.com/@TradingPuzzles
✅My FX Broker
bit.ly/49VySJF