CHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle.
The corrective structure was complex and erratic due to the last few weeks of volatility.
However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone.
Price has the potential to move higher in five-wave and target above wave A high is plausible in the weeks ahead.
Looking for bullish price action at HL will be a good signal to position in this new bullish trend.
What's your take on CHFJPY?
The corrective structure was complex and erratic due to the last few weeks of volatility.
However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone.
Price has the potential to move higher in five-wave and target above wave A high is plausible in the weeks ahead.
Looking for bullish price action at HL will be a good signal to position in this new bullish trend.
What's your take on CHFJPY?
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.