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CHFJPY analysis 28.02.2020

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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