25.02.2021
The overall trend is upward. The currency pair broke away from the lower limit of the ascending price channel and the support level of 116.17.
Stochastic Oscillator signals oversold conditions on the H4 TF. The price is located at the inclined channel of the descending H2 pattern.
CHFJPY rate online: monitor the price movement in real time.
Trading Idea:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending pattern.
Stop loss under the support level of 116.17.
Target levels: 118.00; 118.83.
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