CHF/JPY Looks interesting
At the moment I am just finding this pattern interesting.
This pair has been bullish for quite sometime and a reversal can come at anytime. It has been bouncing in a channel and the possibility of a double top (with this beautiful saucer shape)* can signal a bounce back to the bottom channel trendline.
I'd say go short if see the divergence happening as well but for now I am having a neutral bias.
*I think most people would say this saucer is more indicative of a bullish continuation. That's why I think it is looking interesting.
What are your thoughts?
To all masters out there, 2 months ago I didn't even know what forex meant, nevermind chart analysis. So forgive me if I am posting complete nonsense. All the content I am posting is just part of the learning process.
Feedback is very welcomed and appreciated ;)
This pair has been bullish for quite sometime and a reversal can come at anytime. It has been bouncing in a channel and the possibility of a double top (with this beautiful saucer shape)* can signal a bounce back to the bottom channel trendline.
I'd say go short if see the divergence happening as well but for now I am having a neutral bias.
*I think most people would say this saucer is more indicative of a bullish continuation. That's why I think it is looking interesting.
What are your thoughts?
To all masters out there, 2 months ago I didn't even know what forex meant, nevermind chart analysis. So forgive me if I am posting complete nonsense. All the content I am posting is just part of the learning process.
Feedback is very welcomed and appreciated ;)
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