Potential to Long CHFJPY

28 de nov. de 2021

CHFJPY was in an uptrend but it couldn't continue Bullish for some reason price action brought it down to 122.365 level of reaction & prices couldn't/haven't traded below/exactly on that level making it a level of relevance but also looking at the 121.974 Higher Low which is, in my opinion, the perfect level to take a Long position trade on the pair - one could take the Long position where prices are now but that would be poor risk management; broken higher low will make the reversal trend even much more significant considering the Bearish momentum.
#FxHyenas