CHFJPY - Weekly Timeframe Overview - Long Opportunity

CHFJPY is definitely in a real sweet spot at the moment. In a huge consolidation area, in fact, we are expecting the pair to go and at least re test previous highs. A great trading opportunity which, if caught now, would have a more than excellent profit potential and a great R/R ratio. Target in the 118 - 119 area. Updates on smaller timeframes will follow.

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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

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