CHFJPYTrend:
Price is moving in a clear bullish channel. Higher highs and higher lows confirm continuation to the upside.
Momentum:
Candles are pressing upward after a mid-channel pullback. Market shows healthy bullish momentum, but it is approaching a resistance zone.
RSI:
RSI is rising but not overbought, which supports continuation. No major bearish divergence visible, meaning momentum still favors bulls.
Multi-Timeframe Context:
1H → Strong Bullish
4H → Strong Bullish
Daily → Strong Bullish
All three timeframes align, which strengthens the conviction.
📌 Trade Plan Logic
Bias: Strong Bullish (fundamentals + technicals aligned).
Primary Idea:
Look to buy dips inside the bullish channel rather than chasing the top of resistance. Best setups are pullbacks into support zones where buyers re-enter.
Alternative Idea:
If price breaks and closes above resistance with momentum, that’s a valid continuation breakout entry for further upside.
Risk Management:
Stops should sit below the nearest swing low / support zone to avoid noise.
Profits can be taken in phases — partial exit near resistance, remainder left to ride trend continuation.
Invalidation:
If price closes below channel support or breaks key support zones, bullish bias is invalidated.
