ewcorrection

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glennmercer glennmercer PRO CHFJPY, 60, Short ,
CHFJPY: CHFJPY Short - EW Correction to Pivot
57 0 1
CHFJPY, 60 Short
CHFJPY Short - EW Correction to Pivot

CHFJPY has completed a 5 wave impulse and is due for a correction. Bearish divergence in addition to a trendline break provide indication that the correction has started. Entry at the break and target at the .5 fib above unhit daily pivot provide a nice R/R for a short trade.

glennmercer glennmercer PRO CADCHF, 60, Long ,
CADCHF: CADCHF EW Correction - Long to Pivot
48 0 0
CADCHF, 60 Long
CADCHF EW Correction - Long to Pivot

CADCHF has completed a 5 wave impulse and is due for a correction. Bullish divergence in addition to a TL break indicates the beginning of the correction. Entry at the .382 fib of "A" wave with target at daily pivot/.382 fib provides a high probability long position.

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