sell off coming.

CHF/JPY OANDA:CHFJPY


From what i can see we have simply had a previous impulse, followed by now our correction phase. from previous swing high to swing low our correction phase is looking to bounce from the 50% fib which also lines up with our triple top reversal and also a previous support line looking to become a resistance area highlighted in the green box with the blue line within the correction phase.on a daily time frame the week ended up on a certain candle we all know but will it have just one more push to further reach into my green box. we shall see next week but my analysis leads me to believe we shall be seeing selling pressure next week.

By admin