Nice sell Down we had as expected.
Our Shorts trades are in profit. I am expecting we can have more sell down to come.
The first potential TP will be 1.152 and 1,14. Enjoy the ride.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in...
ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO...
Here we have a Wolfe Wave pair similar to CADJPY, we hit point 5 last week and now would be a good time to short this pair using the Wolfe Wave pattern. This cancels out the previous chart I posted on CHFJPY(linked below).
When we posted the chart below on Friday last week at 15:15, at about same time, all related yen pairs extended upside by a minimum of 40pips. But chfjpy made only 16pips to the upside, before dropping on Sunday open by a massive 120pips. This is mind bugling considering a 40pips moves to the upside was first profit target...