Timonrosso

Swiss Franc to yen looking good for upside to 151.48

Long
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Ascending Triangle formed on CHF/JPY
It kind of looked like a Cup and Handle but the handle was quite V shape.
Instead I looked at the rising lows and how it hit the same highs.
Now that the price has broken up, we can expect buy side liquidity to continue.
7>21>200
RSI >50 - Bull divergence
Target 151.48

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