Simple chart analysis for CHFJPY

Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak.

• News are on standby, so it should go according to plan.
  

Trade ist aktiv:

Still didn't reach above third peak. Needs the HH for the fifth peak.

Trade geschlossen: Stop wurde erreicht:

Still can go up, but my SL has been taken.
Since news distribution went bearish, E.W. structure breaks and distribution can reach even more bearish.