CHF/JPY Ascending Triangle on the H4 TF
Updated
CHF/JPY is approaching a Daily High with an Ascending Triangle on H4.
Looking to capitalize off of it in either direction.
In stock market or crypto it has a higher chance of breaking to the upside but with currencies we have to be more cautious,
so will trade accordingly, waiting for the break to either direction and then execute our position on the retest.
Not a financial advice
Looking to capitalize off of it in either direction.
In stock market or crypto it has a higher chance of breaking to the upside but with currencies we have to be more cautious,
so will trade accordingly, waiting for the break to either direction and then execute our position on the retest.
Not a financial advice
Note
Price broke out our Triangle to the upside with a huge momentum as expected.We're now looking for a retest of the structure to get into the market at the best place for a possible continuation of the move to the upside.
If we do not get a retest, idea becomes invalid.
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