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
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
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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theSignalyst.com
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t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.