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CHFJPY | Will the Ending Diagonal Lead to a Reversal? | Forex

Published: 07.12.2023
by Joseph Jeffriess

Today’s Forex video asks if CHFJPY will continue to move lower on the daily chart after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the trend structure and what we are looking for to see a confirmation of the pattern.

Today’s focus: CHFJPY

Pattern – Ending Diagional
Support – 167.50
Resistance – 169.40

The Key for us will be move-through support. If Sellers fail at support, look for a new move back through resistance, which could cause a failed pattern trend continuation.

What do you think? Could this be a reversal?

Good trading.

CHFJPY | Forex | Forex Trading | Price Action | Technical Analysis | Trend Analysis | Chart Patterns | Technical Indicators | Continuation Patterns

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