The bullish leg of CHFJPY is coming to an end very soon.
Elliott Wave theory states that waves 1, 3 and 5 have 5 subwaves. We can see that we're in wave 5 now and we've only seen 4 subwaves so far. Anticipating subwave 5 higher before the completion of the over 5th wave.
Short Term Trade Idea: BUY
- Watch for the break of the red trendline
- Enter with stops below the recent lows
- Targets: 137.7 (350pips)., 140 (600pips)
Long Term Trade idea: SELL
Once we've completed the 5th subwave and concluded the overall 5th wave, watch for bearish price action. Once it appears, enter with stops above that recent high and hold your trade. Midterm target is 120 (2000pips)
Goodluck and as always, trade safe!
Elliott Wave theory states that waves 1, 3 and 5 have 5 subwaves. We can see that we're in wave 5 now and we've only seen 4 subwaves so far. Anticipating subwave 5 higher before the completion of the over 5th wave.
Short Term Trade Idea: BUY
- Watch for the break of the red trendline
- Enter with stops below the recent lows
- Targets: 137.7 (350pips)., 140 (600pips)
Long Term Trade idea: SELL
Once we've completed the 5th subwave and concluded the overall 5th wave, watch for bearish price action. Once it appears, enter with stops above that recent high and hold your trade. Midterm target is 120 (2000pips)
Goodluck and as always, trade safe!
Nota
Up 500pips!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.