CHFJPY is completing a H&S formation

Price is completing the pattern just above 111 level.

There is a recent probe which was immediately reversed, so we think that price is not curious about the zone under 111 level..

We'll be long after a bullish signal at the right shoulder area.

Like and comment if you find value in our analysis.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Trade closed: target reached:

A lucky take profit placement for us. Tp1 hit and rest closed BE