BlackTygaTrades

CHFJPY possible expansion

OANDA:CHFJPY   스위스 프랑/일본 엔
After price broke structure with momentum, it began to retrace aggressively. This was to ensure that it takes out all internal structure liquidity that accumulated during the previous expansion. Since the pair has been moving bullishly, the strong low should hold and the high should be taken out as some of the uptrend properties. Price has now approached an extreme demand that lines up with our golden zone properties for extra confirmation. Since price has now nearly cleared up all internal liquidity, it could clear the rest and precede use this demand zone to expand further up to take out the latest weak high.
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