Chikou Span Breakout: Long CHFJPY (M30)

Daily Chart and H4 Chart: Strong bullish momentum.

For this week alone, JPY pairs are extremely weak.

M30: Re-entry signal
Buy condition:
1) Price > Kumo
2) Bullish TK cross
3) Chikou span above price (not a must)
4) Price > 200 EMA and it is pointing upwards

Transaction en cours:

Risk free trade.

Trade fermée manuellement:

Price crosses Kijun.