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Chfjpy!

Happy New Year 2024| Learn Our Methods | Read Description|Happy New Year Everyone 2024: Let's first talk about CHFJPY then we will talk about how you can improve and learn some tips. CHFJPY in last six or seven months price overbought heavily due to JPY poor performance and government's zero intention to interfere in the market. However, many reports suggests that JPY will likely to be rebound in first quarter of 2024 in this case we can see a strong shift in price characteristics. Our first entry indicates, that we should expect price to continue the bearish momentum and drop from current area of the price. However, as we will having NFP in the first week of the month, it is likely to see some unexpected movement in the market. Second entry, is when price fill the gaps in the market and then drop smoothly, we will keep you updated. We want all of you to succeed in the forex or commodities trading. Here how you can improve: Firstly find one or two pairs that suits you: meaning if you focus on every single instruments available to trade in the market, you will never succeed instead focus on one or two pairs and master them, know how and when these pairs move, what factors influence them in the market and trade swing highs and lows. Secondly, use longer time frames to have a better vision, have a longer vision which will help you catch the big moves, yes, it is time consuming but if you are beginner then focus first in this and then along the way you will learn intraday trading. Lastly, learn more about consolidation, accumulation and distribution: before the big reversal, price first will consolidate then accumulate and distribute, you should be looking to enter in phase of accumulation and take every enter when price consolidate which leads to a breakout. If you learn above information in details and practice, your chances of becoming a successful trade increase. There is no overnight success, it is all hard work, if you believe in your self and focus on above things you will one day be proud of yourself. Happy New Year and Trade Safe 2024. We wish all of you all the best. Team Setupsfx_
Education
by Setupsfx_
11
CHFJPY - Identify These Moves - FULL Breakdown 📚A key part of technical analysis is to identify the different phases and patterns in the market. So, what can we see? - We can see that we're within a major ascending parallel channel and price has been respecting it. When price approaches either extremes of the channel, it rejects aggressively. - There are 2 key phases at play here. The blue phase is the impulse and the red phase is the correction. - The impulse phase is an upward movement and the corrective phase is a downward move After identifying these phases, what next? - So now that we know that the impulse phase ends at the upper limit of the channel, we know there's a corrective move coming back down to the channel support. - If there's enough momentum, we can break the channel support and keep falling. As we're in an ascending channel, it is often a reversal pattern = there's a high chance that CHFJPY can come back down all the way to 109 - Now we need a trading plan to enter this trade How do we trade it? - The risk entry would have been at the rejection of the channel resistance - The safe entry would be to identify when the impulse has ended. One way we can do this is by identifying when the uptrend has ended. This can be done by using a trendline (like the one we have) and watching for a break to indicate that the uptrend has ended and the next phase has begun. Trade Idea: Watch for the ascending red trendline to break and enter with stops above the channel. First Target: Target the channel support for first targets (500pips) Second Target: The bottom of the channel (1,600pips) Hope this breakdown was helpful. If so, do leave a like and comment what you think!
Education
by WicktatorFX
16
Price Channel Trading StrategyCharacteristics: Channels are banded current trend-following indicators. Similar to other indicators they lagging. They have an upper and a lower line. Upper and lower bands are at equal distance from a middle line. The area between the upper and lower lines in the channel. Signals: The upper or lower line breakouts. The upper and lower lines bounce backs. Channels can be seen in trendy or sideways markets. Different types of channels will be discussed in other videos like: Donchain Channels Keltner Channels Fibonacci channels . .
KRAKEN:LTCUSDEducation
by apadanaforex
This is one of the main ways I trade (good for beginners) Happy Sunday! Please go easy on me for my first video;) I have had good responses to my ideas and even been requested to do a breakdown on how I trade. I hope you all find that this video makes sense and you don't find it boring!. This is a pair that I am eyeing up for this week, obviously the video breaks down as to why I will be taking this trade. I like to trade the basic fundamentals, I sometimes use ema's but that's about it! clean, raw and basic charts without all the unnecessary indicators and flashy lights is the best way!. Hope beginners can take away new ideas from this and if people like I can do another one. Entry 114.200 SL 114.750 TP 111.500
Education
by XHRISTIE
CHFJPY – The price is at decision momentWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. CHFJPY – The price is at decision moment Trend: Strong Buy Support/Resistance: R4: 114.666 R3: 113.823 R2: 113.233 R1: 112.583 S1: 112.486 S2: 112.157 S3: 111.850 S4: 111.314 Price action: Buyers finally break important level which is proving common decision for trend continuation. Still the price has to hold above first resistance level to continue its way, which will be seen in common days. If the price get denied then we have to wait for new price action moment. At the moment CHFJPY currency pair is at very strong bullish spot from momentum pespective, price action and all Elite corners. We just need the right moment to decide perfect entering point. Potencial trade idea: Bulls targets: T1: 113.233 T2: 113.823 T3: 114.666 Bears targets: T1: 112.157 NOTE – We are trading CHFJPY via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
CHFJPY – Buyers finnaly face off true power..Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. CHFJPY – Buyers finnaly face off true power.. Trend: Strong Buy Support/Resistance: R4: 114.586 R3: 113.931 R2: 113.482 R1: 112.858 S1: 111.965 S2: 111.286 S3: 110.824 Price action: Buyers are finnaly face off with sellers and strike up. So the trending flow was already known from last trades we published and give to everyone instructions about chfjpy pair. Because Chf broke previous levels very strong, we might see slowly move. On the other side, if Jpy currency will be that low as we see from colleration moving perioud, then we can see easily all potencial targets on this currency pair. Potencial trade idea: Bulls targets: T1: 110.824 Bears targets: T1: 112.858 T2: 113.482 T3: 113.931 T4: 114.586 NOTE – We are trading CHFJPY via the preferred trading setups by ELITEFXACADEMY Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
CHFJPY – Jpy currency is showing weakness from previous days andCHFJPY – Jpy currency is showing weakness from previous days and the trade might be continued by swiss currency. Trend: Strong Buy Support/Resistance: R3: 111.497 R2: 110.800 R1: 110.169 S1: 109.779 S2: 109.384 Price action: Buyers might continue move higer if buyers break resistance level at 110.169. If we hold above this level then price might see targets such as 110.800 level and higher at 111.497 level. If buyers would dismissed momentum then sellers target is at buyers support at 109.384. Potencial trade idea: Bulls targets: T1: 110.800 T2: 111.497 Bears targets: T2: 109.384 NOTE – We are trading CHFJPY via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
How to Top-Fish S&R ZonesHello dear Forex friends, I just had this example with Alex from our Slack group, where he had posted the following for the German TradingView: So he clearly bet on the previous S&R zone on the Daily at 110 psychological and being overextended on the Hourly. The problem was though, that our S&R range was not clear, and esp. the 110,5 was even stronger as resistance: So, did we see any patterns or information regarding trend-reversal , other than the S&R zone? => Nope, not at all. We only saw a very healthy Bull Flag on the Hourly when we zoomed in, which saw a very nice continuation breakout. Only with the arrival at the key resistance at 110,5, we finally saw a reaction from the bears, smashing down the price. Conclusion: Either a) we would've had to to put our stop loss way above the top-fishing entry, basically above 110,5, which made no sense from a R:R perspective. Or b) we would've had to play with a very narrow stop-loss, basically like Alex did at 110, which was good. And/or c), wait for the 110,5 psychological for (re-) entry. => Because eventually we where right on the direction . Either way we should be in profit now or exited with a small loss. Now what? As we have arrived at the important previous S&R zone again at 109,5, a reaction from the bulls would be expected here up to 110 or little bit lower. I hope you had some value, and if you want to be able to read the chart like this, and esp. set up a trading plan with statistics, let me know! ;) I wish you a great trading. Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Education
by Edgy_
3