The analysis suggests that the CHF/JPY currency pair may be undergoing a shift. Despite forming three tops, the third top did not lead to a breach of the trend line. Instead, it was followed by a retest. If the 1-hour candlestick closes without indicating a selling trend but instead ends with a high close indicative of buying momentum, the probability of a bullish market scenario increases. Conversely, should the 1-hour candle close with a selling bias and the subsequent candle open lower, potentially breaching the trend line, it could signal increased market risk. Overall, the analysis points toward potential bullish momentum under specific candlestick and trend line conditions.
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Trade closed: target reached
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