CHFJPY 4h - Bullish Divergence of Price vs CCI

We can see a really nice bullish Divergence of Price vs. CCI. on the CHFJPY 4h Chart. Price already crossed the Trendline and seems to do a little Pullback right now. Sounds like the perfect Entry for a Long-Trade!
And there is some confirmation that supports the Idea of a CHFJPY Long-Trade:

• RSI was falling from the Overbought-Area all the Way down to the Oversold-Area, touched it and is now going up again
  
• The MACD is below the Signal-Line and looks like it might go up soon to cross it. The MACD Histogram had a peak value a few hours ago.
  

These are valid Signals that indicate an Opportunity to go Long!
Profit Target is the daily Pivot-Point ant around 112.5

Zlecenie aktywne:

We're almost there but the price looks like it is going to pull back a little bit.
If you want it to play safe, you could close your open positions and bank some nice profits.
On the other hand - price is only a few pips away from the pivot point - this pull back can be a good opportunity to add to a winning trade.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Almost forgot to update this Trade ... Target was hit, a while ago