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.
www.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.
www.tradingview.com/chart/fhDUCLDj/
What's your thought on CHFJPY? Let me know in the comment.
Thanks for reading.
Veejahbee.
Comment:
Short trade taken
