Hello traders!
MACD line just crossed above SIGNAL line -> beginning of a BULLISH UPTREND
RSI 14 is facing upwards -> does not look overbought yet
CHF/JPY price seems to be able to break the resistance line. My suggestion is to put the target price towards the second resistance.
Please, maintain proper position sizing and risk management!
Not a financial...
Having hit my long term target of 112.0 and about 4-5 targets since December I am expecting a retracement back to around the 112.0 level then a bullish move to the upper downtrend line. If the upper trend line resistance does hold I will short it to 106.9 as my first target and then possibly hold it down to 102.0 depending on price action.
After a very good downtrend channel being followed by this pair and hitting about 4-5 of my targets including the final target of 112 (been waiting for this level since December) has been hit. Now i am expecting a possible retest of the 112 region then a bullish move to the upper downtrend line. If nice opportunities do show up will short, preferably to my first...
