A possible buy opportunity for CHFJPY
The pair is at the bottom trendline in an descending corridor. At the same level testing an longer term support line. Showing signs of holding both. PA establishing higher lows.
Buy either at the low of the 117`s or buy above 118 after confirmation of a breakout of the wedge. Stops below the 117.00, 116.80 and 116.60 levels.
Caution towards risk sentiment, as the pair will descend if a stronger risk-off scenario occurs.
Buy either at the low of the 117`s or buy above 118 after confirmation of a breakout of the wedge. Stops below the 117.00, 116.80 and 116.60 levels.
Caution towards risk sentiment, as the pair will descend if a stronger risk-off scenario occurs.
Trade closed: stop reached