The CHFJPY pair is about to end a short-term consolidation, which seems to be symmetrical with the first week of May 2023. The long-term pattern is a Channel Up since December 2022 and the Higher High on that sequence was priced on the 3.0 Fibonacci extension.
As you can see the 1D RSI sequences between the two Bullish Legs fractals are very similar and we are currently on a bounce formation similar to the May 11 2023 bottom. Our long-term Target is 189.000 (just below the 3.0 Fibonacci extension).
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As you can see the 1D RSI sequences between the two Bullish Legs fractals are very similar and we are currently on a bounce formation similar to the May 11 2023 bottom. Our long-term Target is 189.000 (just below the 3.0 Fibonacci extension).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.