CHFJPY Expected Growth! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 174.74 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 175.57
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Lonf
CADJPY GROW in patternAs I expected in my previous analysis, the price did not have the strength to break through the strong resistance line that has existed since 2015.
Therefore, the price fell to the support line and now we can see that it is ready to rise.
Now the price is in the Wedge pattern, between the intersecting support and resistance lines. The first touch of the resistance line was back in February this year.
This pattern is characterized by "price decay" - smaller fluctuations between the lines.
Therefore, now I expect the price to rise to a strong point of resistance - at the intersection of two lines - 80.331.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻