FX.co ★ rferry | CHF/JPY

Hello traders. I was considering entering a long position from the support level at 184.35 on CHF/JPY today, or perhaps refraining from trading this currency pair. As it turned out, there is indeed a bullish reversal, so I decided to jump in and see how it plays out in the future! I was just not pleased with the bear making a false break below the 184.35 level again, as they had already done it once before, and repetition generally does not bode well for me. However, overall, on the four-hour chart, I can clearly see a strong uptrend, so at this point, it is pointless to hesitate; there is a high probability that the upward movement will continue here.