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BlackTygaTrades
Oct 25, 2023 6:16 PM

CHFJPY possible expansion Long

CHF/JPYOANDA

Description

After price broke previous structure with momentum, it started to consolidate forming what could be seen as something along the lines of a bullish flag or rising wedge. Price is currently above a demand zone that was left behind, with liquidity on both sides of the wedge. Price is unquestionably bullish, so it could use this demand zone with liquidity formed to expand and take out our recently formed weak swing high.
Comments
TheFxAce
Your buy perspective looks solid with the factors you've pointed out.
BlackTygaTrades
@TheFxAce, It's a high probability setup. London/NY session should do the trick, hopefully.
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