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CHFJPY Falling Wedge

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
sharaafatm  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Technical Analysis CHFJPY chfjpylong chfjpyanalysis LONG Falling Wedge
10
0
trendanalysis chartpattern indicator technicalanalysis chfjpy chfjpylong chfjpyanalysis long fallingwedge
CHFJPY is forming a falling wedge (continuation pattern). A break of the resistive trendline has occurred, AND a retest of the resistive trendline is currently happening, lining up perfectly with the 61.8 Fib level. Bulls can enter long positions now, targeting the strong, daily resistance zone as a first target.

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