CHFJPY Daily Uptrend Continuation
Weekly: Bullish
Daily: Bullish
Zone: Demand Zone @ 119.4 - 119.9
Pivot Point: 118.865
Type of Trade: Continuation
TP: 118.564
Weekly shows a strong bullish movement over the months. For daily, we have a new lower low after a while. With the lower low, I choose to think it as a pullback to test the Demand Zone and the coupled Monthly Pivot Point.
With the long bullish candle, it indicates a strong move on the upside - serving as confirmation.
TP is 1.5r away.
Daily: Bullish
Zone: Demand Zone @ 119.4 - 119.9
Pivot Point: 118.865
Type of Trade: Continuation
TP: 118.564
Weekly shows a strong bullish movement over the months. For daily, we have a new lower low after a while. With the lower low, I choose to think it as a pullback to test the Demand Zone and the coupled Monthly Pivot Point.
With the long bullish candle, it indicates a strong move on the upside - serving as confirmation.
TP is 1.5r away.
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