CHFJPY: Buy Opportunity
2019-11-20 13:53:58
The price moves sideways based on the daily and the 1H timeframes. The price reached the support zone at 109.500, and we got a price reversal. The local downtrend line was broken, and it gives us a buy opportunity.
Entry Point: above 109.625
Stop Loss: below 109.420
Take Profit: at 110.00
Risk per trade must be no more than 1% of your capital. If the price drops below the stop level, we will have to search for new trade opportunities.