Get started
VeerForex12

A Rising Wedge and Nearing Supply Zone.

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
VeerForex12  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns CHFJPY chfjpydown priceaction Rising Wedge short
0
1
trendanalysis chartpattern chfjpy chfjpydown priceaction risingwedge short
In short, the price is working in a rising wedge and it may breakout to the upside if it doesn't do as per technicals (go down from rising wedge).
Shortly after, it could reverse from the supply zone as it also acts as good resistance.

Never risk more than 0.5% on a single trade and try to apply a good RR for the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.