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VladimirRibakov

CHFJPY Buy Idea

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
VladimirRibakov  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis CHFJPY buy Bullish Divergence falsebreak Trend Line Break
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trendanalysis chfjpy buy bullishdivergence falsebreak trendlinebreak
D1 - Price reached uptrend line, hidden bullish divergence formed.

H4 - Bullish divergence.

H1 - Multiple false breaks, alternative trend line false break, bullish divergence. The price has broken above the downtrend line and also it has currently broken above the middle point at 115.186.

We can now join the bulls aiming the price to reach the target zones marked in the screenshots, based on the retrace level of the cycles.
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