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Ftradorex
Apr 9, 2024 2:08 AM

Simple chart analysis for CHFJPY Long

CHF/JPYOANDA

Description

Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak.
  • News are on standby, so it should go according to plan.

Trade active



Still didn't reach above third peak. Needs the HH for the fifth peak.

Trade closed: stop reached



Still can go up, but my SL has been taken.
Since news distribution went bearish, E.W. structure breaks and distribution can reach even more bearish.
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