📈 Bullish Momentum Unleashed! 📈
🧠 Technical Breakdown: CHF/JPY has just broken out of a classic Flag and Pole pattern on the 4H chart — a textbook bullish continuation setup! After a strong upward move forming the pole, the price consolidated within a flag, creating a tight range with a descending trendline. The breakout above 173.380 confirms the bulls are in control, and we’re now aiming for a higher target!
📍 Key Insights:
◾ Pattern: Flag and Pole — strong bullish continuation signal.
◾ Breakout Confirmed: Price surged above the flag’s resistance at 173.380 with momentum.
◾ Pole Projection: The initial move supports a significant upward target.
◾ Target Zone: 180.000 — our new key resistance and take-profit area.
🎯 Trade Setup:
🔴 Entry: 173.380 (on breakout confirmation)
🟢 Stop Loss: 170.000 (below the flag’s lower boundary for safety)
🎯 Target: 180.000 — key resistance and take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakout level around 173.380 as support — a perfect spot for late entries! Monitor volume to ensure the breakout’s strength as we push toward 180.000.
🔥 Final Thoughts: CHF/JPY is showing explosive bullish momentum with this Flag and Pole breakout! With our sights set on 180.000, we’re in for a big move. Let’s ride this rally and lock in those gains — trade smart and manage your risk! 💥
🧠 Technical Breakdown: CHF/JPY has just broken out of a classic Flag and Pole pattern on the 4H chart — a textbook bullish continuation setup! After a strong upward move forming the pole, the price consolidated within a flag, creating a tight range with a descending trendline. The breakout above 173.380 confirms the bulls are in control, and we’re now aiming for a higher target!
📍 Key Insights:
◾ Pattern: Flag and Pole — strong bullish continuation signal.
◾ Breakout Confirmed: Price surged above the flag’s resistance at 173.380 with momentum.
◾ Pole Projection: The initial move supports a significant upward target.
◾ Target Zone: 180.000 — our new key resistance and take-profit area.
🎯 Trade Setup:
🔴 Entry: 173.380 (on breakout confirmation)
🟢 Stop Loss: 170.000 (below the flag’s lower boundary for safety)
🎯 Target: 180.000 — key resistance and take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakout level around 173.380 as support — a perfect spot for late entries! Monitor volume to ensure the breakout’s strength as we push toward 180.000.
🔥 Final Thoughts: CHF/JPY is showing explosive bullish momentum with this Flag and Pole breakout! With our sights set on 180.000, we’re in for a big move. Let’s ride this rally and lock in those gains — trade smart and manage your risk! 💥
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.