Hello, my dear friends and fellow traders. What we are going to look at today is the CHF/JPY currency pair.
Well, this stock has a bearish trend in the higher time frame, and it is currently trading in a sharp decline. But it has reached a support level in the sharp decline and is unable to break it.
So, the price of this pair is showing a slight uptick. At this situation it is a good idea to take a long position in this space and expect a profit ratio of 1:3.
Currently the buyers are more likely to jump into this currency pair.
It is wise to follow your risk management before taking entry.
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Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
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