NTrading
Long

CHFJPY could break to the top soon

FX:CHFJPY   Swiss Franc / Japanese Yen
96 4 3
CHFJPY             is in consolidation last days with MACD 4C (thanks to @vkno422 for this awesome divergence detector tool) divergence in 4H. It means we aim for the end of the downtrend (at least in 4H chart).

We need to wait for a break of the top trendline before we get in a long position.

If we get an impulse to the bottom, ALL assumptions for long entry will get cancelled.

I will update the post if long break happens.

It is just my opinion, thank you!
Impulse above just happened! Now we can wait for a correction and buy on breakout
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Nice setup :)
+2 Reply
NTrading Piet.Hein
Yes it seems good and attractive to buy now, but we need to wait for a confirmation above trendline first.
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Piet.Hein NTrading
of course, confirmation is always the green light to go
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