Buy CHFJPY Triangle Breakout

The CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern.

Potential Long Trade :

Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation.

Target Levels:
168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
169.18: This is a further extension of the upside target, based on the height of the recent price movement.

Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards.

Thank you.

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