CHFJPY two possible scenarios

111
on H4: CHFJPY is overall bullish trading above our orange trendline, however, it is approaching a strong resistance in green.

on H1: CHFJPY is forming a channel in red, so we are waiting for a new swing to form around our upper red trendline to consider it valid and then enter on its break upward.

and we are waiting for an objective break below our lower orange trendline from H4 to sell this one long-term.

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.