CHFJPY: Potential Triangle Break out

2020-03-07 13:32:05

After a Bearish closed in the previous week (which didn't close below the previous structure low), the new week started with a Bullish daily candle recovering almost all of previous week losses. Thereafter, price consolidate in a triangle pattern. On Fri, we see a H4 Bullish impulse off a low liquidity zone. All these put together, I am of the view that price is going to breakout to the upside soon since it is coming to an apex of the triangle.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.