CHF/JPY Potential Move Upward

By CollegeofPips
💡 Trade Idea

📉 Buy Stop NZD/JPY @ 72.02

🎯 Target Profit 73.25

🛑 Stop Loss 71.47

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The price failed to cross the daily support level "113.94", plus a double bottom is posted which indicates a reversal. A lower correction towards the neckline is expected, and from this level an upward movement might be seen.
Fibonacci RetracementForexPivot PointspriceactionreversalSupply and DemandSupport and ResistanceTechnical Analysistopdownanaylisis
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