OGFXTRADER

CHFJPY H4 LONG PRICE ACTION FORECAST

Long
OANDA:CHFJPY   Swiss Franc / Japanese Yen
With Swiss Franc showing some fatigue after the bullish rally, a buy-limit order right at the key support level from D1 could bring an excellent opportunity for a long trade with the used R:R | 1:2.
With an E/P right at the support level happening accompanying with the 18 EMA as a bounce strategy, S/L for 50 pips with a T/P setting in the next supply zone.

In the realm of D1, price action shows a clear bullish bias, where even the lighter EMA 18 & 50 are about to form a golden-cross as a confirmation of the uptrend continuation.

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