https://www.tradingview.com/x/3kzdWe5h/
CHFJPY gets a bounce very recently on the 1HR chart, a strong support level on the 1HR for this pair, historically.
Now, it's had a bounce to some overhead resistance you will also see on the 1HR. Lets' drop to a 10 second chart and see if price is getting a welcoming to move higher or is it being rejected to move lower with the bears 172.6527
CHFJPY gets a bounce very recently on the 1HR chart, a strong support level on the 1HR for this pair, historically.
Now, it's had a bounce to some overhead resistance you will also see on the 1HR. Lets' drop to a 10 second chart and see if price is getting a welcoming to move higher or is it being rejected to move lower with the bears 172.6527
Note
No trade yet. Still waiting for confirmation price will continue to break upwards from the resistance in the above chart.I dropped to a 10 second chart to really zoom-in and see what is now occurring.
Note
Historically CHFJPY is in a very long-term uptrend, you will see in this weekly-chart price goes all the way back to 1992.Order cancelled
The more I get into this pair, it appears bearish in the very short term, very bullish in the medium intraday timeframes and then instead of the longterm trend of Bullish-longs, I am seeing on the higher timeframes bearish. Mixed signals so I am canning this. No trade was taken.
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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.