Welcome Godal Traders we have an update on ChfJpy.
The falling wedge is now being tested at the resistant trendline . This is where patient's is needed towards seeing if and only if the recent Lower High is broken with a strong daily close . This will show and indicate that strong buyers are coming into the market . Which compliments the overall outlook towards a bullish chart pattern and set up we are waiting on .
You can find the previous shared outlook on this pair below
updated notes on chart
1.Waiting for a daily close above recent LH
2.Support level held forming a potential double bottom and a false break out to the down side
3.The false break out to the downside could of been looking for stop losses
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