Bullish Setup on CHFJPY — Watching for Confirmation!

31 de jan.

CHFJPY has reached a critical demand area where buyers have previously stepped in, leading to strong bullish momentum. This zone has historically provided a solid base for upward momentum, making it a key level to watch.

If we see bullish confirmation—such as rejection wicks, bullish engulfing candles, or a surge in buying volume—I anticipate a move toward 171.180, aligning with previous market structure. However, a decisive breakdown below this zone could weaken the bullish outlook and shift momentum downward.

This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.

Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.

Best of luck , TrendDiva

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