Rising Wedge Breakout
We saw a strong wick on the daily get rejected by the resistance at 143, and we looking to enter on the 4H pullback after the rising wedge breakout
CHFJPYcurrently hovering at the Daily Resistance Level and has broken out of a bearish Rising Wedge Pattern the key level is broken and Retested so, i predict a bearish move to go and retest the previous support around 138.00
TRADE RECOMMENDATION
SELL CHFJPY
ENTRY PRICE : 141.500
STOP LOSS : 144:00
TAKE PROFIT :138.00
EXP 1 OCTOBER 2022
CHFJPYcurrently hovering at the Daily Resistance Level and has broken out of a bearish Rising Wedge Pattern the key level is broken and Retested so, i predict a bearish move to go and retest the previous support around 138.00
TRADE RECOMMENDATION
SELL CHFJPY
ENTRY PRICE : 141.500
STOP LOSS : 144:00
TAKE PROFIT :138.00
EXP 1 OCTOBER 2022
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.