Lingrid | CHFJPY trendline BREAKOUT. Long

The market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe, the market is forming a triangle formation, which is a trend continuation pattern. My goal is the resistance zone at 171.000


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade chiuso: obiettivo raggiunto:

Straight up to the TP