CHFJPY - Pullback Into a Key Confluence!

CHFJPY has been overall bullish, respecting the rising blue channel nicely over the past weeks.

Right now, price is pulling back into an important intersection:
the demand zone lining up with the lower blue trendline.

This is the kind of area where trends usually get tested, not broken.

As long as this confluence zone (highlighted by the blue circle) continues to hold, my bias remains straightforward:
I’ll be looking for trend-following long setups, preferably after confirmation on lower timeframes.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

Trade closed: target reached

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Disclaimer

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