CHFJPY - Make profit on retracement
Overal Monthly/Weekly trend is up as shown in the uptrend channel. Price has reached the top channel and broke out the inner channel in 4H chart.
Price is now on correction period as shown in 4H chart. Price might come down to Monthly support (pink horizontal line). Break out of this correction period to the South can be good profit. Stop order below the lowest point of correction period.
Price is now on correction period as shown in 4H chart. Price might come down to Monthly support (pink horizontal line). Break out of this correction period to the South can be good profit. Stop order below the lowest point of correction period.
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