CHF/JPY 4H Chart: Falling wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/USD 4H Chart: Channel Down The Cable trade was contained within the borders of a descending channel pattern for more than two months now. The outlook, however, is bullish, as the pair is supported by a strong cluster, represented by the 55 and 100-period SMAs, the weekly and the monthly PPs, just below the spot price. From here on we should see gains reach the 1.44 mark, where the channel's resistance line coincides with the monthly R1. On the other hand, if the immediate support fails to

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