CHFJPY BULLS

1 Eki

On the Daily chart, price closed above the 40EMA indicating Change of character (ChoCh). The 4 hour chart clearly shows us that the bearish movement was a pull-back toward the zone that created a new HH and there is a H&S pattern! After the H&S breakout, the M15 price retraced to the zone that created a high which indicates ChoCh. Note before the M15demand zone there was equal lows (green arrows) which is liquidity, before a significant upward movement there liquidity was swept.