The Swiss Franc Japanese Yen.

Good morning Dynamic Traders,

Today I am looking at a possible long developing on the CHFJPY on the four hour timeframe shown below.

It is not in the position as yet to take the trade unless being very aggressive, but for me on this one I am going to exercise a little more patience on this and so I am keeping a close eye on this cross.

It is currently standing at a possible DB from the resistance at the end of March and hanging around a figure.
The RSI is coming up from an OS position but is still below 50 at the moment.

Whilst writing this the present candle is a spinning top and at a possible fibonacci reversal.

If you now go down to the lower timeframe, this is showing a doji and an entry point could be assessed from here.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.