Welcome Godal Traders we have an update on ChfJpy.
The falling wedge is now being tested at the resistant trendline .
This is where patient's is needed towards seeing if and only if the recent Lower High is broken with a strong daily close . This will show and indicate that strong buyers are coming into the market . Which compliments the overall outlook towards a bullish chart pattern and set up we are waiting on .
You can find the previous shared outlook on this pair below
updated notes on chart
1.Waiting for a daily
close above recent LH
2.Support level held
forming a potential double bottom
and a false break out to the down side
3.The false break out to the downside
could of been looking for stop losses
The falling wedge is now being tested at the resistant trendline .
This is where patient's is needed towards seeing if and only if the recent Lower High is broken with a strong daily close . This will show and indicate that strong buyers are coming into the market . Which compliments the overall outlook towards a bullish chart pattern and set up we are waiting on .
You can find the previous shared outlook on this pair below
updated notes on chart
1.Waiting for a daily
close above recent LH
2.Support level held
forming a potential double bottom
and a false break out to the down side
3.The false break out to the downside
could of been looking for stop losses
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