CHF/JPY technical analysis (long)
Higher time frame trend support bounce
Descending trend line broken.
50ma crossed above 200.
RSI bullish.
higher time frame .50 fib level bounce.
looking for either a pullback to support on the lower time frame fib levels & 200ma.
OR
A breakout above resistance followed by a re test to confirm new support.
Looking like can potentially be a great setup. Goodluck traders!
Remember. trade at your own risk. its possible to be rejected at resistance and break down out of the higher time frame trend.
Descending trend line broken.
50ma crossed above 200.
RSI bullish.
higher time frame .50 fib level bounce.
looking for either a pullback to support on the lower time frame fib levels & 200ma.
OR
A breakout above resistance followed by a re test to confirm new support.
Looking like can potentially be a great setup. Goodluck traders!
Remember. trade at your own risk. its possible to be rejected at resistance and break down out of the higher time frame trend.
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