CHF/JPY: how to trade in a range

CHF/JPY: how to trade in a range

Trade idea

BUY 110.90; TP 111.80; SL 110.65

CHF/JPY has been consolidating within a pennant formation since February. The pair is currently at the support levels. Stochastic Oscillator on H4 shows that it’s oversold. As a result, it’s possible to expect the CAD turn higher aiming at the top of the trading range around 111.80/90.

CHFJPY h4.png

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