Buy Opportunity on CHFJPY
The ChfJpy trade that I called out last week would've pushed into profit at market open this week. This strong bullish push could be a predictor for future movements. We've just recently snapped past a Significant Horizontal Level. This Horizontal Level also lines up with a Non-Horizontal Support Level, which adds confluence to the predefined area.
Considering price practically retraced back to the level already, I'll be waiting for a bearish candle closure back to the level, proceeded by a strong bullish candle closure confirming the buyer sensitivity at the area.
Considering price practically retraced back to the level already, I'll be waiting for a bearish candle closure back to the level, proceeded by a strong bullish candle closure confirming the buyer sensitivity at the area.
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Penafian
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