Buy opportunity on CHF/JPY
A low test close on CHF/JPY presents an opportunity for a long position. Today's low test price bar has tested the 114.70 level and is likely to close above it as well as above the 50% retracement and the 20 ema. There is, adding to this setup, supportive hidden bullish divergence (trend continuation divergence). The Stochastic indicator is in oversold territory and is due for a reversal. .
Although the daily chart demonstrates bullish signs, the weekly price action is still in the pullback phase.
entry - above low test close
stop loss - below low test close, or 50 ema
target - initially at previous high (117), and above
Although the daily chart demonstrates bullish signs, the weekly price action is still in the pullback phase.
entry - above low test close
stop loss - below low test close, or 50 ema
target - initially at previous high (117), and above
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.