Long movement on CHFJPY by ThinkingAntsOk
Use this as a guide to develop your view of the situation:
Main items we can see on the 4HS chart
a)The price was on an ascending channel
b)After that, a Huge correction came
c)Currently, we are making an analysis inside the Huge Correction
d)We can see a Descending trendline inside the huge correction that has been broken
e)Now we can see a Throw-back, and we expect a bullish movement towards the 4HS Target
f)Our Bullish Target is 114.00
Main items we can see on the 4HS chart
a)The price was on an ascending channel
b)After that, a Huge correction came
c)Currently, we are making an analysis inside the Huge Correction
d)We can see a Descending trendline inside the huge correction that has been broken
e)Now we can see a Throw-back, and we expect a bullish movement towards the 4HS Target
f)Our Bullish Target is 114.00