CHFJPY potential long position
- Price has formed a descending channel on the 4 hour chart at the support band of the daily structure
- Price is over sold on weekly TDI insinuating potential bullish price action soon.
- Wait for price to drop from 4H descending channel to touch the daily structure (orange) and wait for 15 minute reversal pattern to enter trade.
- Potential buy zone 109.4 - 108.8
- Price is over sold on weekly TDI insinuating potential bullish price action soon.
- Wait for price to drop from 4H descending channel to touch the daily structure (orange) and wait for 15 minute reversal pattern to enter trade.
- Potential buy zone 109.4 - 108.8
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