ELLIOT WAVE: CHFJPY TRADE IDEA

5 thg 1, 2020

CHFJPY completed A-B-C zigzag corrective pattern and setting up for a decline. This decline which can be another short-term correction could also be the beginning of a major decline.

What matters right now is that we would at least see a three-wave move to the downside to the nearest demand level as shown on the chart.

We will look for a short-term correction in wave (b) to position to a sell entry in wave (c).

Here is the 1-hourly outlook.
tradingview.com/chart/fhDUCLDj/

What's your thought on CHFJPY? Let me know in the comment.

Thanks for reading.
Veejahbee.

8 thg 1, 2020

Ghi chú

Short trade taken