Forex Trading Analysis
Hello Guys today is Monday, September 23rd, 2024 I am going to analyze CHFJPY currency pair let us see the top-to-bottom Eliot wave analysis inside the daily time frame the trend is down in CHFJPY currency pair daily time frame resistance is present at 180.4 price level price action is most likely going to rise to print bullish wave B pull back and then drop to print bearish wave C zigzag corrective leg and coming trading days decisive bullish breakout above 180.4 resistance area is going to end downtrend in daily chart off is CHFJPY currency pair
At 4hour time frame price action is printing higher swing highs and higher swing lows to me chfjpy pair Trend looks up in 4hour time frame
at the 1-hour time frame the trend is up in the 1-hour chart intraday support is present at the 165.27 price level price action is most likely going to drop to print bearish wave two pull back and then rise to print bullish wave three impulse leg which offers a chance to join an uptrend in swiss Frank yen pair a decisive bearish break below 165.27 support level is going to end uptrend in one hour chart offers Frank versus Japanese yen currency pair
More specifically the green color highlighted area offers a buying opportunity which is the previous second wave of one lesser
