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CHFJPY analysis 28.02.2020

28.02.2020

Market Review

The overall trend is upward according to the 365 and 135 moving averages. The round intermediate level of 112.50 holds back sellers. Awesome Oscillator shows a bullish divergence. The descending H2 level pattern is probably a wave (B) of the ascending H4 level pattern.

Trading recommendations:

Buy strictly while an ascending wave pattern is forming above the round secondary level of 113.20.

Stop Loss: 112.50.

Target levels: 113.50 (close of the current order and transfer to breakeven); 114.18

Author: admin
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