CHFJPY currently begins to trend upward as it closes in on a major reversal level. However there are still many stops and short sell limit orders residing above that level thus creating liquidity. We can expect either a move to the downside after residing in the reversal zone or we can expect price to continue moving upward to grab that liquidity before the movement downward. Lets see how this plays out, but regardless of what happens, we can play both sides of the market.
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