AlkalineFX

CHFJPY - Too Soon

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
I feel like it would be silly to try and sell CHFJPY from this point there is so much liquidity sitting above those high points and price moves to where orders reside. I would assume a fake break of this channel followed by a re-entry up to the highs marked or even higher. Let's see how this one progresses next week.
Trade closed: target reached

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