Weekly Analysis on CHFJPY by ThinkingAntsOk
Use this as a guide to develop your view.
Main items we can see on the Weekly Chart:
a)We have two clear structures. A support zone and a resistance zone
b)Currently, the price is in the middle zone between them
c)We can see a Corrective Structure (signals of a continuation movement)
d)Our forecast is a bullish movement towards the next resistance zone
e)For a clear view of this situation OR for developing setups, we would do it on a lower timeframe between 4HS and 1H
Main items we can see on the Weekly Chart:
a)We have two clear structures. A support zone and a resistance zone
b)Currently, the price is in the middle zone between them
c)We can see a Corrective Structure (signals of a continuation movement)
d)Our forecast is a bullish movement towards the next resistance zone
e)For a clear view of this situation OR for developing setups, we would do it on a lower timeframe between 4HS and 1H