Hello traders!
As you can see from the chart above there are good chances to go long successfully on CHF/ JPY. The reasons are easy to understand.
First of all, RSI 14 does not look overbought.
Secondly, MACD line is crossing SIGNAL line starting a bullish momentum. Furthermore, Bearish Momentum is getting weaker and weaker, as suggested by the red histograms.
TARGET can be set in proximity of the 2nd Fibonacci Levels, drawn thanks to FIBONACCI EXTENSIONS TOOL. Please, notice that the 50 FIBONACCI LEVEL coincides with the RESISTANCE.
Then, I suggest to wait and look for a confirmation candle in order to understand whether go long or short. WATCH OUT FOR FALSE BREAKOUT!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
As you can see from the chart above there are good chances to go long successfully on CHF/ JPY. The reasons are easy to understand.
First of all, RSI 14 does not look overbought.
Secondly, MACD line is crossing SIGNAL line starting a bullish momentum. Furthermore, Bearish Momentum is getting weaker and weaker, as suggested by the red histograms.
TARGET can be set in proximity of the 2nd Fibonacci Levels, drawn thanks to FIBONACCI EXTENSIONS TOOL. Please, notice that the 50 FIBONACCI LEVEL coincides with the RESISTANCE.
Then, I suggest to wait and look for a confirmation candle in order to understand whether go long or short. WATCH OUT FOR FALSE BREAKOUT!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
💥 Free signals and ideas ➡ t.me/vfinvestment