TAS
Short

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 ..
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TAS salmanjaffary
Sure man, love to help. Does this explain?
snapshot
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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..
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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.
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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.
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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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