NTrading
Long

CHFJPY could break to the top soon

FX:CHFJPY   Swiss Franc/Japanese Yen
91 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!
Piet.Hein
10 months ago
Nice setup :)
+1 Reply
NTrading Piet.Hein
10 months ago
Yes it seems good and attractive to buy now, but we need to wait for a confirmation above trendline first.
Reply
Piet.Hein NTrading
10 months ago
of course, confirmation is always the green light to go
Reply
NTrading
10 months ago
Impulse above just happened! Now we can wait for a correction and buy on breakout
Reply
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