Currently on CHFJPY on the daily timeframe price has recently taken out the previous daily low and closed above it, and on the 3-hour timeframe price also took out the previous candle range low and closed above it also indicating a strong support level that will help to distribute price to the upside, to take out the PREVIOUS DAY HIGH.
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.