CHFJPY Is Very Bullish! Buy!

28 Jun

Here is our detailed technical review for CHFJPY.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 178.422.

The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 179.979 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

30 Jun

Catatan

Great beginning for a trade, let’s hope it goes further!