The last time we looked at CHFJPY was back in October 2024, where we forecasted a large ABC correction. Fast forward to now - that correction is nearly complete!
We're currently in the 5th subwave of wave C, and everything points toward a massive drop setting up. We expect a move of at least 1500 pips.
On the Daily timeframe, structure is clear:
- Clean 5-3-5 ABC correction
- Price is approaching a key sell zone
- A clear entry trendline is in place — couldn’t ask for a cleaner setup
Trade Idea:
- Watch for rejection within the sell zone
- Aggressive entry: Inside sell zone with stops above invalidation
- Conservative entry: On break of trendline, stops above the break candle
Targets:
TP1: 165.00 (≈1300 pips)
TP2: 161.50 (≈1700 pips)
Optional: Leave a runner for a long-term swing
Let me know what you think in the comments.
See below for our last VIP setup for CHFJPY which played out perfectly. 1000pips secured!
Good luck and as always, trade safe!
We're currently in the 5th subwave of wave C, and everything points toward a massive drop setting up. We expect a move of at least 1500 pips.
On the Daily timeframe, structure is clear:
- Clean 5-3-5 ABC correction
- Price is approaching a key sell zone
- A clear entry trendline is in place — couldn’t ask for a cleaner setup
Trade Idea:
- Watch for rejection within the sell zone
- Aggressive entry: Inside sell zone with stops above invalidation
- Conservative entry: On break of trendline, stops above the break candle
Targets:
TP1: 165.00 (≈1300 pips)
TP2: 161.50 (≈1700 pips)
Optional: Leave a runner for a long-term swing
Let me know what you think in the comments.
See below for our last VIP setup for CHFJPY which played out perfectly. 1000pips secured!
Good luck and as always, trade safe!
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.