CHF/JPY

Hi Remo

When was the inside bar I can't see it on the chart ?

This has a nice flag continuation pattern
a finish above 10603 would move this a lot higher.
ive gone long on this already due to an inside bar trade.
This is not for the faint hearted due to the volatility.

dl.dropboxusercontent.com/u/4899609/chfjpy10thjune.png

This is at the top of the symmetrical triangle.
Noticed how i moved the line from the bottom of the triangle This is very common in technicals. Its a good habit to do when you get a lot of false breakouts. it would mean adjusting the lines regularly. Its a good habit to get into

Looks like this has broken through to the down-side

symmetrical triangle on this.
This is a continuation pattern and normally breaks in the direction of the prior trend.
But you can trade this in which ever way it breaks out but generally best to trade with the trend.

This looks like its resuming the up trend after the correction. Its broken above the very short term trend line.
Im targeting 10364 highs again.