CHFJPY - Perfect Wycoff
After the Explosive move
We have all the Elliments of the Wycoff Pattern
Happens time after time
Inconjunction with fundamental Strength of a Currency especially is a very reliable pattern/Syetem.
For whatever reason CHF is flavour of the day for the last 2 - 3 weeks especially.
Plus it is fundamentally strong compared to the Jappy
last 4 weeks scores
7,8,6,6
Looks like fundamentals are dropping a bit but still way in the green 10 being the top score.
The Volume Profile to the left is a screenshot of the 5 minute time frame and clearly shows a lack of orders in the top section of the Explosive Bearish Candle after the SNB Interest Rate decision which dropped from 1.5% to 1.25%
This is the safest area to get involved with often dropping or moving up very fast due to the lack of resistance of conflicting orders.
Anyway lets see : )
