CHFJPY Buy Signal

1 Feb 2022

Pattern: Channel Up on the 1D time-frame since early 2020.

Signal: Buy as long as the 1D MA150 (red trend-line) is supporting. Before the September market bottom (Higher Low), the 1D MA150 has been in Support for 1 year and 100 days. A MACD Bullish Cross should confirm the rise.

Target: 128.000 (just below the 3.5 Fibonacci extension as every extension has made a Higher High on the Channel Up since its beginning).



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