Potential to Long CHFJPY

28 nov 2021

CHFJPY was in an uptrend but it couldn't continue Bullish for some reason price action brought it down to 122.365 level of reaction & prices couldn't/haven't traded below/exactly on that level making it a level of relevance but also looking at the 121.974 Higher Low which is, in my opinion, the perfect level to take a Long position trade on the pair - one could take the Long position where prices are now but that would be poor risk management; broken higher low will make the reversal trend even much more significant considering the Bearish momentum.
#FxHyenas