CHFJPY PRICE BREAKDOWN

Updated
Price dropped nicely to hit the first target in my previous analysis, then rallied up to form a nice head and shoulder pattern.
CHFJPY RETRACEMENT


The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen.

Expect a small pullback before the drop.

Note
Target 1 reached.
Trade closed: target reached
breakoutChart PatternsDouble TopFibonacci RetracementheadandshouldersformationTechnical IndicatorsMonthly PivotsreversalsignalsTrend Analysis

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