CHFJPY Trend Line Bounce
2020-01-28 08:37:55
1. Price is currently retesting a strong trendline and we see the RSI close to the over sold zone.
2. There is an inside candle pattern forming and based on the trendline support, and the intersecting support zone I am expecting a bullish break out for another rally.
3. If we get the bullish break out, we are looking for targets in the labeled strike zone - giving us a healthy R/R.