Welcome to GODAL TRADING analysis .
Todays pair being analysed is CHF/JPY with a potential long set up forming.
ONLY !! if a break-out of the identified bearish/falling wedge and highlighted zone takes place.
The highlighted zone represents most recent resistant level/zone of the falling wedge, once the two is broken. It will then become a support zone. This is where I would wait for price action to test this level as support for potential long entries on lower time frames such as 4Hour.
Todays pair being analysed is CHF/JPY with a potential long set up forming.
ONLY !! if a break-out of the identified bearish/falling wedge and highlighted zone takes place.
The highlighted zone represents most recent resistant level/zone of the falling wedge, once the two is broken. It will then become a support zone. This is where I would wait for price action to test this level as support for potential long entries on lower time frames such as 4Hour.
