Simple chart analysis for CHFJPY
Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak.
- News are on standby, so it should go according to plan.
Trade active
Still didn't reach above third peak. Needs the HH for the fifth peak.
Trade closed: stop reached
Still can go up, but my SL has been taken.
Since news distribution went bearish, E.W. structure breaks and distribution can reach even more bearish.
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Related publications
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.