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Chfjpylong

CHFJPY Buy/Long1: Trendline Breakout 2: Symmetrical Triangle Pattern Breakout When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily chart signals shows the pair might have gained interest of buyers. The symmetrical triangle pattern breakout further adds to our narrative of a continuation to the upside.
Long
by NDOBObanks
1
chfjpyHello everyone! My CHFJPY point of view. We are in a strong bullish trend which is still valid pointing up. In the recent past, the price has formed incremental retests of Higher Highs and Higher Lows. Our eyes at Balance of Trade and Inflation Data of Japan, which in case they come to public worse than expected, they are going to rocket to the highs of 151 this pair. Manipulation is going to get high with Long Wicks at the bottom I think so be cautious with SL levels. Long Wicks whow wickness and rejections - Orderblocks, but at the same time they do show instant momentum, phsychology of masses and investors and they leave liquidity behind which must be tested soon or later. Good Luck!
Long
by The_Forex_Path