CHFJPY

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CHFJPYSwiss Franc/Japanese YenFX:CHFJPYSurgiForexTrend: Price is moving in a clear bullish channel. Higher highs and higher lows confirm continuation to the upside. Momentum: Candles are pressing upward after a mid-channel pullback. Market shows healthy bullish momentum, but it is approaching a resistance zone. RSI: RSI is rising but not overbought, which supports continuation. No major bearish divergence visible, meaning momentum still favors bulls. Multi-Timeframe Context: 1H β†’ Strong Bullish 4H β†’ Strong Bullish Daily β†’ Strong Bullish All three timeframes align, which strengthens the conviction. πŸ“Œ Trade Plan Logic Bias: Strong Bullish (fundamentals + technicals aligned). Primary Idea: Look to buy dips inside the bullish channel rather than chasing the top of resistance. Best setups are pullbacks into support zones where buyers re-enter. Alternative Idea: If price breaks and closes above resistance with momentum, that’s a valid continuation breakout entry for further upside. Risk Management: Stops should sit below the nearest swing low / support zone to avoid noise. Profits can be taken in phases β€” partial exit near resistance, remainder left to ride trend continuation. Invalidation: If price closes below channel support or breaks key support zones, bullish bias is invalidated.