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CHF / JPY: buy signal on uptrend

CHF / JPY: 4 hour chart – uptrend

Price above the diagonal support and 50MA

Price action: devouring bar support – a positive signal

indicators:

50 / 200MA: 50 200 – positive trend

CCI (50) over 0 – positive territory

SL: 111.751

Alternative scenario: If the price crosses below the diagonal support, we can see the break of uptrend and new bearish momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


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