AnriErikanov
Long

Buying Frank from a technical standpoint (CHFJPY)

FX:CHFJPY   Swiss Franc / Japanese Yen
18 0 4
after a steep decline the pair got stuck around the 111.500 level indicating a weakness in trend that eventually formed a head and shoulders pattern other that that zooming in the hourly there is an indication that the trendline of the pattern will break because of the strong pennant pattern


recap ; multiple patterns indicate a move up
stops can be placed below the neckline wich gives us a nice risk reward ratio
Targets are not set yet
Economic events will influence my trading position
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