Swiss Franc / Japanese Yen
Long
Updated

Lingrid | CHFJPY trendline BREAKOUT. Long

1 138
The market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe, the market is forming a triangle formation, which is a trend continuation pattern. My goal is the resistance zone at 171.000


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Trade closed: target reached
Straight up to the TP

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.