We can see a really nice bullish Divergence of Price vs. CCI. on the CHFJPY 4h Chart. Price already crossed the Trendline and seems to do a little Pullback right now. Sounds like the perfect Entry for a Long-Trade! And there is some confirmation that supports the Idea of a CHFJPY Long-Trade:
RSI was falling from the Overbought-Area all the Way down to the Oversold-Area, touched it and is now going up again
The MACD is below the Signal-Line and looks like it might go up soon to cross it. The MACD Histogram had a peak value a few hours ago.
These are valid Signals that indicate an Opportunity to go Long! Profit Target is the daily Pivot-Point ant around 112.5
Trade active
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We're almost there but the price looks like it is going to pull back a little bit. If you want it to play safe, you could close your open positions and bank some nice profits. On the other hand - price is only a few pips away from the pivot point - this pull back can be a good opportunity to add to a winning trade.
Trade closed: target reached
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Almost forgot to update this Trade ... Target was hit, a while ago