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?
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.