1W Channel Up. Long.

HKDJPY is rising having made a Higher Low on the long term 1W Channel Up ( RSI = 59.227, MACD = 0.035, Highs/Lows = 0.0546, B/BP = 0.1578). We expect to crosse the pivot (blue dotted line) swiftly as the buying pressure on 1D ( RSI = 60.972, overbought on 3) accelerates. Consequently we are going long, TP = 14.41427 (previous Higher High) and 14.51650 (potential new Higher High) in extension.
High quality signals ( for live buy/sell opportunities on a variety of financial assets.
Do you believe that trades on channel trading should only be made on the 4th bounce?
@TrendyPips, Longs can be opened at the current price. The Higher Low has already been made.
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