vlad.adrian

CHFJPY - Weekly at value, daily bullish divergence

FX:CHFJPY   Swiss Franc/Japanese Yen
232 0 5
This is one of the best setups signaled by the system that I use (an adaptation of The tripple screen trading system). When price stands at value on the weekly, look at the daily for signals. This is the weekly chart
snapshot


The daily chart has a sort of tripple bottom, drawn with a H&S pattern that signals continuation but I don't really watch H&S patterns. I think that this pair is poised for reaching again its all time high. When it gets there, I'll pay close atention, cause I think it's a bit heavy, but until proven wrong, bulls are in control. My entry will be right after posting this chart, at the current price, stop is at 112.870.

This idea coincides with my bullish bias on the Nikkei, that I believe is going for 16000 again.
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