Timonrosso

CHFJPY Heading up to 160.72 based on a Cup of T

Long
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Cup and Handle formed recently with CHF/JPY.
The price broke above the brim level, and is showing strong momentum up.
Other indicators confirm.
7>21>200
RSI>50
Target 160.72

SMC:
Sell Side Liquidity order block is below the Handle of the Cup and Handle.

A little concern is that there is BUY side Liqudity (Shooting Star) as of today and yesterday. This means, we could see the market come down a blip before it turns up again. It will give us a conservative entry point for those who aren't long or are long and want to pick up with their position even more.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.