CHF/JPY SHORT on M Pattern
Monthly: Bullish trend, over the last year it looks like a cup pattern which would be completed by a push to 113.670
Weekly: Bullish continuation from double bottom at 107.170 in september 2019, In the last few weeks we have area with a lot of movement between 112.5 and 111.3 in which we then broke above
Daily: Watching 112.74 as peak resistance before a pullback, I see a M pattern on its third leg since the 19th of Dec, 2019, 112.74 marks the top of the last leg and 112.3 marks a area where M will be confirmed. 112.3 is a major key level because it will break below and confirm continuation of M pattern or pull back and push to 113.67
Weekly: Bullish continuation from double bottom at 107.170 in september 2019, In the last few weeks we have area with a lot of movement between 112.5 and 111.3 in which we then broke above
Daily: Watching 112.74 as peak resistance before a pullback, I see a M pattern on its third leg since the 19th of Dec, 2019, 112.74 marks the top of the last leg and 112.3 marks a area where M will be confirmed. 112.3 is a major key level because it will break below and confirm continuation of M pattern or pull back and push to 113.67
Feragatname
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