Will CHFJPY complete its monthly fifth leg

Monthly timeframe

- Bullish market structure
- Bullish M not completed yet
- Targeting the 172.000 region

Weekly timeframe

- Bullish market structure
- Shoulder 1 of the failed head and shoulders is now being used as support (failed first time break)
- Bullish fib got activated
- Bullish indicational candle


Daily timeframe

- Last daily low doesn't break
- Reversal indication + inverse head and shoulders + bullish M
- Supply and demand zone + institutional candle
- Limit time