LONG trade analysis on CHFJPY.
Graph is looking bullish from support structure to upper resistance area. Price recently stopped at support structure and completed Bullish Cypher Pattern. Bullish Engulfing Candle indicates buy on chart too. And as you can see on the chart price created Regular Bullish Divergence as well confirming long position. Trade idea is also shown on RSI indicator.
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Graph is looking bullish from support structure to upper resistance area. Price recently stopped at support structure and completed Bullish Cypher Pattern. Bullish Engulfing Candle indicates buy on chart too. And as you can see on the chart price created Regular Bullish Divergence as well confirming long position. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
