CHF🇨ðŸ‡/JPY🇯🇵 the CLIMB with an awesome trend
Updated
🇨ðŸ‡/🇯🇵 has been showing us its strength since October 2019, regardless of the global pandemic and the rest of the world situation.
Since then it has scored a +15.5% and does not seem to want to stop here.
The price is continuing to form HH and HL, showing a perfect reaction with the S/R contact points, as you can see from the ->.
The price is now at one of these points, so it might be interesting to monitor the situation for a long-term potential.
A potential scenario is the climb to the heights reached in 2015, about a quotation of 135.
Representation of a personal idea, is therefore not to be considered neither an investment suggestion nor a financial advice.
Since then it has scored a +15.5% and does not seem to want to stop here.
The price is continuing to form HH and HL, showing a perfect reaction with the S/R contact points, as you can see from the ->.
The price is now at one of these points, so it might be interesting to monitor the situation for a long-term potential.
A potential scenario is the climb to the heights reached in 2015, about a quotation of 135.
Representation of a personal idea, is therefore not to be considered neither an investment suggestion nor a financial advice.
Note
At 4H the price is forming a parallel channel of consolidation.Note
An impulsive entry right there on the lower level of support could offer an awesome R:R; a more "safe" and conservative entry could be on the retest of the breackout of this zone.Note
Price is still into the range, but is showing some bullish sentiment.Note
As expected is running nicely to the upside.Note
200 pips circa Note
Strong continuation also in this "Holidays period".Note
At 1D price broke the previous HH, so potentially the price could reach 127.5 level circa, retracing into the new S/R area, before a continuation to the upside.Note
The year has closed with a nice +3.10%Note
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