ForexKei-Official

CHFJPY H4 is uptrend by Ichimoku but could reverse at any time

FX:CHFJPY   Franc suisse / Yen japonais
Comment:

CHFJPY H4 timeframe is uptrending now but may reverse based on below confirmations.

Ichimoku Analysis:

- Kumo is bullish but very tiny
- Kijun sen up but still in the Kumo
Also market is close to the descending trendline.

Next Scenario:

Wait for a breakout of the trendline and look for a buying edge, otherwise may reverse backwards to Tenkan sen at any time.

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