CHFJPY wait and earn

13 thg 10, 2021

So, what we see on this chart? This is a 1W chart and there is a nice ascending channel. The RSI, the Ichimoku and the MACD suggest rising on 1W chart. On 1D it is overbought. So, the best think is to wait if the price breaks the resistance. If yes, we can buy. But the bounce is also possible. So we have to react to the price movement