Bullish 5-0 on CHFJPY
CHFJPY Approaching the top of an old trading range possibly accumulation it seems like it wants to come back to back-test it as support and take off much further.
The top of the range aligns with the 50 percent retrace of the 5-0 If you want the best entry i'd wait for the 50 but if one is impatient then one could start buying at the 38.2 with their bigger buys at the 50.
Stop loss underneath the 61.8 Minimum target 117
The top of the range aligns with the 50 percent retrace of the 5-0 If you want the best entry i'd wait for the 50 but if one is impatient then one could start buying at the 38.2 with their bigger buys at the 50.
Stop loss underneath the 61.8 Minimum target 117
Note
Here's a closer look at the range and optimal 38.2-50 percent retrace entry Trade active
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Related publications
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.