Simple chart analysis for CHFJPY
Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak.
- News are on standby, so it should go according to plan.
Trade active
Still didn't reach above third peak. Needs the HH for the fifth peak.
Trade closed: stop reached
Still can go up, but my SL has been taken.
Since news distribution went bearish, E.W. structure breaks and distribution can reach even more bearish.
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