CHFJPY - Ascending Correction BREAK

This pair has been on our radar for a while now. Initially we thought that the bigger timeframe parallel channel would create resistance causing CHFJPY to fall down. In hindsight, we should have been focusing on the lower timeframe patterns to tell us what price will do next.

If we look at the patterns in this current timeframe, we can see that we had various breaks of patterns which we could have taken advantage of. In the future, we will be analysing higher timeframe but focusing on lower timeframe patterns so we can make short term gains.

Goodluck and trade safe!