DocWonmug

CHFJPY 240 Short – near end of ABCD pattern

Short
OANDA:CHFJPY   Swiss Franc / Japanese Yen
We’ve been in a 4H UT since 4 Oct 2019. We are at a 78.6% completion of an ABCD pattern marked in green. We may or may not get a further increase in the PA to get to the 100% level. Either way, I will be looking for breaks in the RSI and PA trendlines . The HH as marked is tentative pending the full completion of the ABCD pattern .

Also of note, the start of the 4H UT is a double touch on a three-year low last seen in Nov 2016 as can be seen on the 1W chart:

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out