CHFJPY Long Opportrunity - 850 PIPS ALERT ?!
Hello Traders !
As you can see in the title,we can face 850 pips long opportunity. HOW ??
We are in an uptrend,price made AB wave,a little correction and now we should expect CD completion. So in the end there is more than possible to see AB=CD pattern. We can also see all 5 waves of the Elliot Wave Theory being done. Our CD wave nicely fits with a monthly resistance level so I really expect price to push here.
Fundamentals are more into CHF and actually CHF is much stronger than JPY (source: Currency Strength Meter).
In conclusion,my bias are LONG
Do you agree ? Like or comment, I really appreciate every feedback.
Thank you for reading guys !
As you can see in the title,we can face 850 pips long opportunity. HOW ??
We are in an uptrend,price made AB wave,a little correction and now we should expect CD completion. So in the end there is more than possible to see AB=CD pattern. We can also see all 5 waves of the Elliot Wave Theory being done. Our CD wave nicely fits with a monthly resistance level so I really expect price to push here.
Fundamentals are more into CHF and actually CHF is much stronger than JPY (source: Currency Strength Meter).
In conclusion,my bias are LONG
Do you agree ? Like or comment, I really appreciate every feedback.
Thank you for reading guys !
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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.
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.