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JAPANESE YEN / SWISS FRANC

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CHFJPY Shall we Buy or Shall we Sell [Long term scenaio]Analysis : Price is on a resisatnce zone, Price is inside a rising wedge pattern, Bulls are rejected on the rising wedge top bound. Two Scenarios are forseen Buy : Wait for the breakout of the higher bound of rising wedge pattern & retest, Wait for a rejection/continuation candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc, Initiate BUY order, Targets our supports zones , SL bellow rising wedge lower bound . Sell : Wait for a bearish reversal confirmation, Wait for a resisance zone breakout, Wait for a rejection/continuation candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc, Initiate SELL order, Targets the rinsing wedge lower bound , SL above rising wedge upper bound . /!\** Disclaimer**/!\ The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support. Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together. Thanks. A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone. ***This idea is only for educational purpose. Not a financial advice*** ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
par Theamy