CHF/JPY confirmation with entering ascending channel

avant-hier

Hi dear investors, our next opportunity that we would look into is the CHF/JPY, with it's past attemp to touch the strong support level , there has been a lot of support which came from buyers which pushed the pair into an ascending channel, the lower Strong Support level was not able to be touched this is why we are seing a trend reversal.

The RSI recently got out of the 30 level and we would set up our targets into the upper level of the RSI at the 51 and 60 marks.

Entry : 169.550
Target 1 : 170.630
Target 2 : 171.810

SL level : 168.155

When target 2 is reached we would look for additional confirmations so we can set up our 3rd target at the level of - 174.06


As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!