Timonrosso

CHFJPY Ready to rocket

Panjang
OANDA:CHFJPY   Franc Swiss / Yen Jepun
Been forming a Falling Pennant in the last month...
This is a small triangular formation less than 3 months (hence it's a Pennant rather than a Wedge).
Once price breaks above, we can have a strong buy signal to hold until the first target.
Also the RSI is making higher lows and is currently above the 50 mark (bullish).
CONCERNS:
We just need to wait for the breakout...

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

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