CHFJPY: Potential Buying Opportunity Explained🇨🇭🇯🇵
Updated
On today's live stream I shared my trading plan on CHFJPY:
the pair is trading in a bullish trend.
the price is perfectly respecting a major rising trend line.
Now the price is approaching that.
To buy with a confirmation watch a double bottom formation on hourly time frame.
124.7 - 124.85 is its neckline.
You need an hourly candle close above that as a trigger to buy.
Goals will be 125.337 / 125.89
In case of a bearish breakout of a trend line, the setup will be invalid.
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