CHFJPY - Overall Structure is Still Uptrend
This chart shows a bullish ascending channel on CHF/JPY and suggests waiting for price to touch channel support on the 4‑hour timeframe, then looking for buy (long) trades in line with the uptrend.
Structure of the chart
Price is moving inside an upward sloping channel, with higher highs and higher lows indicating a bullish market structure.
The two parallel lines mark dynamic support (bottom) and resistance (top) where price has repeatedly bounced.
Overall 4‑hour trend is identified as upward.In an uptrend, the bias is to buy pullbacks rather than sell rallies, because continuation to the upside is more probable while the channel holds.