CHF/JPY Long-Term Trend: Bullish
Key Resistance Levels: 124.222, 124.497, 125.023
Key Support Levels: 123.533, 123.262, 122.837.
Daily Time Frame:
The price on the higher time frame managed to break the bearish channel to the upside after posting a Wyckoff accumulation phase. The market is posting higher lows signaling that the a new trend to the upside is about to happen.
CHF/JPY Medium-Term Trend: Bullish
Buy Limit Order @ 123.527
TP 1 @ 124.163
TP 2 @ 124.497
Stop Loss @ 123.235
Trade Safely 🙂
In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.