CHFJPY, an invested H&S pattern, buy opportunity

23 Sep 2019

An Inverted head and shoulder set up is seen on the CHFJPY pair’s 4 hour chart. The pattern is yet to form its second shoulder which gives opportunity to capture the upward move until the neckline area. This will also the be considered as the first target for the pair at 109.15-109.20. Once the second should is formed completely the next target will be 109.900. The nearest stop loss for the pair is set at 108.159.