CHF/JPY - Long
Confluence on this trade:
1. Bullish Market Sentiment & Bias
2. Weekly 50 & 60 EMAs broke above and crossed the 200 & 250 EMAs
3. Double Bottom
4. Tweezer Bottoms - followed by bullish engulfing.
5. Low Test on Weekly Chart to end the week
6. MACD Divergence - Bullish
7. Deceleration
8. Daily Rejection of 50 & 60 EMAs
9. 4H Break and Re-test of Bearish trend line with a 50% Retrace rejection
10. Neutral Swiss Franc, Weak Japenese Yen
1. Bullish Market Sentiment & Bias
2. Weekly 50 & 60 EMAs broke above and crossed the 200 & 250 EMAs
3. Double Bottom
4. Tweezer Bottoms - followed by bullish engulfing.
5. Low Test on Weekly Chart to end the week
6. MACD Divergence - Bullish
7. Deceleration
8. Daily Rejection of 50 & 60 EMAs
9. 4H Break and Re-test of Bearish trend line with a 50% Retrace rejection
10. Neutral Swiss Franc, Weak Japenese Yen
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