CHF🇨🇭/JPY🇯🇵 the CLIMB with an awesome trend
🇨🇭/🇯🇵 has been showing us its strength since October 2019, regardless of the global pandemic and the rest of the world situation.
Since then it has scored a +15.5% and does not seem to want to stop here.
The price is continuing to form HH and HL, showing a perfect reaction with the S/R contact points, as you can see from the ->.
The price is now at one of these points, so it might be interesting to monitor the situation for a long-term potential.
A potential scenario is the climb to the heights reached in 2015, about a quotation of 135.
Representation of a personal idea, is therefore not to be considered neither an investment suggestion nor a financial advice.
Since then it has scored a +15.5% and does not seem to want to stop here.
The price is continuing to form HH and HL, showing a perfect reaction with the S/R contact points, as you can see from the ->.
The price is now at one of these points, so it might be interesting to monitor the situation for a long-term potential.
A potential scenario is the climb to the heights reached in 2015, about a quotation of 135.
Representation of a personal idea, is therefore not to be considered neither an investment suggestion nor a financial advice.
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At 4H the price is forming a parallel channel of consolidation.
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An impulsive entry right there on the lower level of support could offer an awesome R:R; a more "safe" and conservative entry could be on the retest of the breackout of this zone.
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Price is still into the range, but is showing some bullish sentiment.
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As expected is running nicely to the upside.
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200 pips circa
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Strong continuation also in this "Holidays period".
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At 1D price broke the previous HH, so potentially the price could reach 127.5 level circa, retracing into the new S/R area, before a continuation to the upside.
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The year has closed with a nice +3.10%
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