CHF/JPY Plausible price action
Symmetrical triangle has formed and predicts a further upside movement. Probably the price will hit .62% of the Fibonacci Retrace levels. Not only a retrace level but also the distance of the beginning of the triangle is as big as the one from the probable breakout to the .62% Fib Retrace lelvel. What is more, the RSI was quite bullish but the EMAs are relatively neutral. This is actually, typical for trend reversals. See what will happen.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*
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.