CHF/JPY looks like it could be providing a decent opportunity to enter long based on the current technical analysis and price action.
Price broke out from a weekly descending trend channel in Late-July suggesting that the downwards trend is coming to an end, at least in the short term.
With our overall bullish bias, price has also now broken from a daily...
CHFJPY had a fake breakout of the resistance zone and is now back below the resistance zone, presenting an opportunity to go short on the pair. However, bears should be aware of the supportive trendline that CHFJPY is following along. The safest approach to this short would be to wait for a break of the supportive trendline to go short, with a stop loss a few pips...
we have weekly descending trend line
broken ascending trend line,
price reversed from a weekly descending trend line and it broke out of an ascending one as well as a support zone
price retested the resistance zone and it broke out of a daily bearish correction