This is a long setup for CHFJPY and here are my reasons,
I analysed the chart using multiple time frames, I switched to the weekly and identify the support and resistance, then I drew a trendline with the H4 timeframe and on this timeframe, a reversal candlestick appeared on the trendline upon retest which indicates a possible reversal.(which it started already) Same thing on the H1 timeframe
What do you think??
I analysed the chart using multiple time frames, I switched to the weekly and identify the support and resistance, then I drew a trendline with the H4 timeframe and on this timeframe, a reversal candlestick appeared on the trendline upon retest which indicates a possible reversal.(which it started already) Same thing on the H1 timeframe
What do you think??
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.