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CHFJPY: Preparing For Trend Reversal

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Franco Suíço/Iene Japonês (FX:CHFJPY)  
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FX:CHFJPY   Franco Suíço/Iene Japonês
Trend Analysis Chart Patterns Wave Analysis chf jpy yen japaneseyen swissfranc CHFJPY Forex swing swingtrading
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trendanalysis chartpattern waveanalysis chf jpy yen japaneseyen swissfranc chfjpy forex swing swingtrading
snapshot

CHFJPY formed a huge h&s pattern on a daily chart.

Though its left shoulder looks a bit weird, the pattern is valid from a price action perspective.

The price is now stuck on the horizontal neckline.
The trigger that we are waiting for is its bearish breakout (daily candle close below),
then a strong bearish wave will be expected.

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