CHFJPY breakout into the momentum gap
The CHFJPY just cleared its support which was established after the huge spike. It took the market some time to figure out what the next move might be,
If the breakout succeeds, the price has a good chance covering the spike-gap. Those areas often offer trading opportunities because there is little that could stop price from falling lower.
At the same time, the price will most likely hit a demand pocket at one point. The deeper the price falls into the spake, the higher the likelihood of hitting such a demand zone.
If the breakout succeeds, the price has a good chance covering the spike-gap. Those areas often offer trading opportunities because there is little that could stop price from falling lower.
At the same time, the price will most likely hit a demand pocket at one point. The deeper the price falls into the spake, the higher the likelihood of hitting such a demand zone.
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