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TheSignalyst

CHFJPY two possible scenarios

Swiss Franc / Japanese Yen (FX:CHFJPY)  
TheSignalyst  
FX:CHFJPY   Swiss Franc / Japanese Yen
Chart Patterns Trend Analysis Technical Indicators CHFJPY Parallel Channel Divergence Support and Resistance rejection trendfollowing continuation
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chartpattern trendanalysis indicator chfjpy parallelchannel divergence supportandresistance rejection trendfollowing continuation
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.
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