CHFJPY is about to make a big move up!

Jul 28, 2020

Price is completing the retest of the break of a major support line on the D1 timeframe.
Right now price is showing strength on the H1 by breaking a triangle consolidation to the upside!
We also have a clear RSI divergence from the last 2 bottoms. :)

Jul 28, 2020

Note

Here is a better view of the longterm trendline:

Jul 28, 2020

Order cancelled

aaah I just realized that price actually FAILED the retest of the red line because after bouncing off of it it just went right through it. It is now retesting the fail of the longterm retest, so it is Bearish.

Jul 30, 2020

Note

Ah at the end of the day it is hard to read the story of the charts. Can't have it perfect all the time ..