FOREXCOM:CHFJPY   Swiss Franc / Japanese Yen
This is a very simple setup.

1. We can see that the uptrend ( trend line ) has been broken.
2. The bearish candlesticks have long wicks showing seller exhaustion
3. Price will aim to retest the level it has broken

Therefore, we will enter in a buy signal to take advantage of the bullish movement, as the price aims to retest the level it has broken. We could enter in a sell signal once that has happened. But for the time being, we are buyers.

If you would like to enter this trade, consider the signal below:
Entry price: 114.600
Take profit: 114.100 (50)
Stop loss: 115.350 (75)
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