CHFJPY Heading up to 160.72 based on a Cup of T
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.
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:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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