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KlejdiCuni

CHFJPY: Update - Price Development Within a Pattern

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
KlejdiCuni  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis
33
24
trendanalysis chartpattern beyondta
From the previous idea, we can see that the price tested the neckline of the pattern for the fourth time.
Now it is moving down again.
Overall, the price is in a type of correction and it seems trapped within some sort of triangular pattern here.
Any price breakdown from the triangle would increase the chances of a further bearish momentum.

Targets:
122.20
121.55

Thanks and Good Luck!

Previous Idea:
CHFJPY: Third Neckline Retest | The Moment Of Truth
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