#CHFJPY bullish continuation
Updated
*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs.
As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength.
This bearish move since the completion of 4H time frame candle can be interpreted as pullback to test the broken trendline and its possible to be looking to buy in this area.
As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength.
This bearish move since the completion of 4H time frame candle can be interpreted as pullback to test the broken trendline and its possible to be looking to buy in this area.
Trade active
This position is active and price is moving in the anticipated direction but be aware that about 1 hour we have federal reserve funds rate news which can cause a lot of movement in the price.So best thing to do is managing your risk and if price continue in the bullish direction let your profit to expand.
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