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Swiss Franc / Japanese Yen
Long

CHFJPY - Perfect Wycoff

By NZ_Shareman
Updated

  • After the Explosive move
  • We have all the Elliments of the Wycoff Pattern
  • Happens time after time

  • Inconjunction with fundamental Strength of a Currency especially is a very reliable pattern/Syetem.

  • For whatever reason CHF is flavour of the day for the last 2 - 3 weeks especially.

  • Plus it is fundamentally strong compared to the Jappy

  • last 4 weeks scores
  • 7,8,6,6

  • Looks like fundamentals are dropping a bit but still way in the green 10 being the top score.

  • The Volume Profile to the left is a screenshot of the 5 minute time frame and clearly shows a lack of orders in the top section of the Explosive Bearish Candle after the SNB Interest Rate decision which dropped from 1.5% to 1.25%

  • This is the safest area to get involved with often dropping or moving up very fast due to the lack of resistance of conflicting orders.

  • Anyway lets see : )


Note
Target hit for Wycoff Pattern
I think u have to really condense these candles on these post so they run better
when ya click the arrow.
I hate it when it runs off into no mans lands and u can longer see the target

OMG!
Trend Analysis
NZ_Shareman
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