CHF/JPY-Since I spent so much time on a pair that I hate

22 août 2018

Chf/Jpy has intersecting pitchforks lining up exactly with equal length and the .618 retrace. Now.... Daily TDI looks like it may have upside, my buy from bottom still running in case of the leading diagonal scenario (until I see a reversal pattern). But the 1.236 extension level would probably be a good place to catch a wick off of should price break up, and the pattern does count out to go down when consider it in entirety. Notice the "3" next to the 1.618 extension... That is because if it makes it that high I would just be looking for a flag to continue up. I would think we would get an "X" wave here, so watch this area. It is at a point where you can have large potential sells or buys so keep that in mind. But usually when I have a pattern and intersecting forks, price will wick back in....