See daily chart of CHFJPY below for the discussion that follows.
CHFJPY made a higher high this past week. This suggests a resumption of the uptrend its been in the past couple of weeks. Should we see a pullback to support (previous resistance), I will look to go long if I see price action / candles as per my strategy.
These markets are still very tricky… be careful trading out there.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.