Hello Traders
Here is my view on CHFJPY weekly chart.
Price pulled back to dynamic key level that acted as both support and resistance. This week candle show bullish momentum however it is still early to confirm that bulls stepped in, but if this candle close strong as it is then this would be a nice signal of long bias. I suggest you keep an eye on this pair.
Remember that when price get to key level it does not mean you should jump in without confirmation, we do not predict but react to the market. I like to see how market behave when it test my important level.
I will send an update on weekend.
Here is my view on CHFJPY weekly chart.
Price pulled back to dynamic key level that acted as both support and resistance. This week candle show bullish momentum however it is still early to confirm that bulls stepped in, but if this candle close strong as it is then this would be a nice signal of long bias. I suggest you keep an eye on this pair.
Remember that when price get to key level it does not mean you should jump in without confirmation, we do not predict but react to the market. I like to see how market behave when it test my important level.
I will send an update on weekend.