• Vasily Trader

CHFJPY: Preparing For Trend Reversal

CHFJPY formed a huge h&s pattern on a daily chart .

Though its left shoulder looks a bit weird, the pattern is valid from a price action perspective.

The price is now stuck on the horizontal neckline.

The trigger that we are waiting for is its bearish breakout (daily candle close below),

then a strong bearish wave will be expected.

Potential goal - 114.0