CHFJPY retracement to the 61.8 after breaking channel

FX:CHFJPY   Swiss Franc / Japanese Yen
121 6 9
CHFJPY             retracement to the 61.8 after breaking channel. Expecting continuation to 3, retrament to 4 and move to 5.
Hi Tas just wanted to understand wht is this breaking channel can u explain a little Thanks ..
TAS salmanjaffary
Sure man, love to help. Does this explain?
So the volume is high but the movement is less n its already out of the correction channel but how can we figure out its gona go down nt up ...Whereas the RSI already touched level 30 n direction showing upwards..
TAS salmanjaffary
I use Wave Theory, Volume Spread Analysis, MACD and trendlines and Fibo. Don't use RSI. I drew this to help. We had an impulse down, then a correction on a contrary move, slower angle, another impulse the other way could be expected.
I really Thank u for the time appreciate. As u r always really helpful will focus wht u said n try to learn n understand n this clarifies pretty much everythng Two Thumbs Up.
TAS salmanjaffary
Anytime, Learn all you can, put into practice what fits with your personalty, time and equity and make money. Be patient. Don't force, if you cannot see a good trade, probably there is non there. If you cannot see a pattern, there probably is none. ask anytime.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out