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.
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