CHFJPY Analysis 14.11.2019

The overall movement is upward. A descending truncated pattern of the M30 level has formed which tests the 50% Fibo level of the ascending wave (of the H4 level). Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. 

Trading recommendations:

Buy strictly while the ascending pattern is forming, where the wave (AU) breaks through the inclined channel of the descending pattern of the M30 level. Buy on the breakout of the top (aC).

Stop Loss below the support level of 109.74 (or local minimum, if it is lower).

Target levels - 110.11 (trap for Pros - new order close and transfer to breakeven); 110.48 (level 138.2% Fib from wave A H4).