On Swiss Yen we can see a clear double top rejection at the 111.95 level after price did a fake break of the descending resistance level.
First target is based at the .382 fib retracement, but I expect price to push down further after a retest of 111.7 structure level.
First target is based at the .382 fib retracement, but I expect price to push down further after a retest of 111.7 structure level.
Note
On a micro scale, we can see a nicely formed head and shoulders pattern with a break and retest of the neckline Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.