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Ometrading

Correction setup-CHFJPY

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
Ometrading  
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis chf swiss jpy wave Forex pips breakouttrading money
2
0
trendanalysis chartpattern waveanalysis chf swiss jpy wave forex pips breakouttrading money
Price has been correcting in the last candlesticks after a big bullish impulse.As we see, 38.2% fibo retracement has been rejected. Also, price is above MA50.
We should wait for a bullish breakout to open a long position.
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