CHFJPY-H4 Potential The Three Hills and A MountainCHFJPY-H4 - Potential The "Three Hills and A Mountain"
Trade : The first trade occurs on the close below the trend line. The second trade occurs after
completion of a 62% retracement to the downside-"AB." The second trade is a "long" trade
from "C."
Target : The first trade target (Short) is 62% of prior swing length-"AB." The second trade
target is from the "C" level, which is 100% to 127% of "AB" to the upside.
Stop : Place the "first trade" stop above the "B" level and the "second trade" stop below the
"C" level.
Hillformation
EURAUD: "Hill Pattern" and Triple Three WaveElliottwave analysis showing EURAUD will be bullish because formed by triple three wave (WXYXZ), in Z wave have trianggle as subdivision. But price still consolidation in "Hill Pattern", curve line became resistance and horizontal line became support. I recomend to not open position until the price is out from "Hill Pattern".