FullTimeTrader
Long

CHFJPY-break and close above 125.000-adding positions

FX:CHFJPY   Swiss Franc/Japanese Yen
593 3 12
Im already long here (see related ideas). My bearish is very bullish on this pair.
Looking on D1 chart we have price finished a deep correction. The channel is my confirmation for this idea.

snapshot

Pure technical analysis , its called "M2 setup" (i dont know why). Consist of price clearly breaking a strong resistance with a decisive candle.

After that price usually makes a pullback and this is the setup to enter long. Most important the risk is low.

Last ideal target would be the D1 trendline .

Best regards.
Trade closed: stop reached
but i feel there is a bullish crap pattern forming in 5 min chart, do you agree with that? if is real then our entry should be lower.
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i agree with this chart, in my chart i am forming a bearish bat pattern and tp i would put it at 126.300 since there is a resistance around there.
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Just Awesome Bro ---
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