CHFJPY is about to make a big move up!
Price is completing the retest of the break of a major support line on the D1 timeframe.
Right now price is showing strength on the H1 by breaking a triangle consolidation to the upside!
We also have a clear RSI divergence from the last 2 bottoms. :)
Right now price is showing strength on the H1 by breaking a triangle consolidation to the upside!
We also have a clear RSI divergence from the last 2 bottoms. :)
Note
Here is a better view of the longterm trendline:Ordre annulé
aaah I just realized that price actually FAILED the retest of the red line because after bouncing off of it it just went right through it. It is now retesting the fail of the longterm retest, so it is Bearish.Note
Ah at the end of the day it is hard to read the story of the charts. Can't have it perfect all the time ..
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.