CHFJPY: Bullish Setup Explained 🇨🇭🇯🇵

Long

Swiss Franc / Japanese Yen (OANDA:CHFJPY)

OANDA:CHFJPY Swiss Franc / Japanese Yen

Multiple Time Frame Analysis Support and Resistance Candlestick Analysis priceaction priceactionanalysis priceactiontrading priceactionstrategy CHFJPY swissfranc yen japaneseyen

mtfa supportandresistance candlestick priceaction priceactionanalysis priceactiontrading priceactionstrategy chfjpy swissfranc yen japaneseyen

snapshot

CHFJPY has recently broken a key daily supply area.
The broken structure turned into a demand zone.

Approaching that, the price formed a double bottom formation and broke its neckline then.
I opened a long position early in the morning on a retest.

Now a bullish continuation is expected to 142.7 / 143.05

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