Hi traders!, Analyzing CHF/JPY on the 30-minute timeframe, price is currently continuing a strong bullish trend, breaking above recent consolidation and showing momentum to the upside.
🔹 Entry: 183.429
🔹 Take Profit (TP): 184.429
🔹 Stop Loss (SL): 183.341
Price is respecting the 21 EMA and riding it upwards, indicating strong bullish momentum. The RSI is also in the overbought zone, but still climbing, which confirms buyer strength. This setup aligns with the trend continuation and offers a favorable risk-to-reward ratio.
A breakout above the minor resistance and the clear structure of higher highs and higher lows support the bullish idea. Watch for possible reactions near 184.429, where price may face short-term resistance.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
🔹 Entry: 183.429
🔹 Take Profit (TP): 184.429
🔹 Stop Loss (SL): 183.341
Price is respecting the 21 EMA and riding it upwards, indicating strong bullish momentum. The RSI is also in the overbought zone, but still climbing, which confirms buyer strength. This setup aligns with the trend continuation and offers a favorable risk-to-reward ratio.
A breakout above the minor resistance and the clear structure of higher highs and higher lows support the bullish idea. Watch for possible reactions near 184.429, where price may face short-term resistance.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥 Top indicators I personally use 👇
tinyurl.com/36vkfjm9
tinyurl.com/36vkfjm9
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.