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.
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.
Note
Short trade taken
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.