Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
CHFJPY ABC Movement
Swiss Franc / Japanese Yen
CHFJPY ABC Movement
By Umlingo
Follow
Follow
Jul 24, 2024
0
Jul 24, 2024
CHFJPY in the midst of an ABC movement which is nearing completion.
Reasons
1. Measured move has been tested at 173.20
2. Significant Outside Return is at 172.65
3. Fibonacci retracement of the larger bullish impulse finds the .618 at 172.20
4. Momentum is in OS zone.
There may be further downside, but the RR on this timeframe is 1 at best.
Chart Patterns
Technical Indicators
Wave Analysis
Umlingo
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.