This pair has been on our radar for a while now. Initially we thought that the bigger timeframe parallel channel would create resistance causing CHFJPY to fall down. In hindsight, we should have been focusing on the lower timeframe patterns to tell us what price will do next.
If we look at the patterns in this current timeframe, we can see that we had various...
In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!
