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UnknownUnicorn772665

CHFJPY Long - *DAILY SUPPORT ZONE*

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
UnknownUnicorn772665 Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Wave Analysis Chart Patterns CHFJPY jpy USD pivot
3
1
trendanalysis waveanalysis chartpattern chfjpy jpy usd pivot
Here is a simple set up for CHFJPY long positions.

Price is rejecting the 109.500 daily support zone and is flattening nicely with deceleration present. Price has broken above daily pivot now and I will be looking for the TL and 1hr 50ema to be broken and closed through next.

Safer entry would be to wait for the break ad retest of the TL and 1hr 50ema.
Trade active
Trade closed: stop reached
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