We were focused on CHFJPY for a couple of weeks now as we understood that JPY was going to reverse. JPY finally turned bullish and so CHFJPY has begun it's trend reversal.
For a confirmed trend reversal, we require an impulsive break. See linked chart for more information.
Hi Wicktator,
This one looks great to me! Already playing out as expected.
Although, I don't think it will go that far down without first reacting to one relevant volume-based support. Here's what I mean:
Let me know what do you think!
Cheers,
-Dale
WicktatorFX
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@Trader_Dale, Hey Dale! You were right. We did have another move up. Price looked very corrective after the break indicating the up move wasn't finished yet.
Im currently looking into the volume profile. Looks so good!
Trader_Dale
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@Wicktator, thanks buddy! Your analysis was on point as well.
otavio_barreto
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Nice, here is my view
DennisCollins
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please any update on this pair?
Flair-ON
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I don't agree with an ascending wedge. I see only 2 contact points. You have 3 contact points including the one on the left from another pattern. I exclude this point. With 2 contact points you don't have a pattern...
This one looks great to me! Already playing out as expected.
Although, I don't think it will go that far down without first reacting to one relevant volume-based support. Here's what I mean:
Let me know what do you think!
Cheers,
-Dale