I'm bullish on CHFJPY
prices is in channel in 4h chart
as I pointed on the chart , on the last bearish rally we couldn't reach the channel support line , and that's a reliable signal that price is going to reverse up
many times when something like this happens that price is unable to reach on side of the channel , it will break it from the other side
and we are seeing good momentum on the way up , so I think we are going to break channel's upper resistance line
in this case I'm bullish on this pair
good for bulls
THIS IS JUST AN ANALYSIS...
as I pointed on the chart , on the last bearish rally we couldn't reach the channel support line , and that's a reliable signal that price is going to reverse up
many times when something like this happens that price is unable to reach on side of the channel , it will break it from the other side
and we are seeing good momentum on the way up , so I think we are going to break channel's upper resistance line
in this case I'm bullish on this pair
good for bulls
THIS IS JUST AN ANALYSIS...
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.