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Chf-jpy

CHF/JPY Analysis Jan. 24, 2021Welcome back! Please support this idea with a LIKE if you find it useful. ** If price breaks key weekly resistance, it may rise to the 1860 resistance level. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy
CHF JPY Long (easy Trade) (and possible short/sell idea after)This is an uptrend with an expanding flag. Many times these fat expanding flags lead to Head and shoulders patterns. I have marked the possible shoulder and head location. There are 3 major trend lines lines running below the pattern. We have a broken counter trend lines that is being retested lower and lower. When we have expanding flag we should almost always expect price to break outside the upper or lower border and form some sort of peak formation. Usually it will be an M/W or H and S pattern. In this case we have a break to the downside and since price is outside the border we are expecting a peak formation off of the lower trend lines. However, since we have big swings and what may be a head shoulders forming we have an obvious valley point between the left shoulder and the head. Many times the valley starts sightly lower than the left valley. We also just so happen to have a trend line sitting right below this point. Another characteristic of expanding flag is that price likes to spit them in half in an almost direct move. We have not had this happen yet. Price has been riding the lower border of this pattern. Riding the lower border, breaking out of the lower board, on top of major trend lines = BUY!. Now, if we get the expanding split, the H and S may become invalid. There is also another pattern where we get 3 consecutive peaks form in a row that could also lead to the big sell. We have also exhausted all 3 of the lower trend lines with false breaks. This could mean that the next time price comes into contact with it, we see a major sell. So, to prepare for this, look for selling opportunities at the TOP, not near the trend line. Sell high; buy low. We want cheap selling prices. And since our trend lines may have been exhausted at this point it may be a good sell trade to hold from the tip top all the past the lower trend lines.
Long
by sgsummers
2
CHF/JPY has met resistanceCHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest previous resistance around 114 level. In the past when it has rejected this level it has fallen to 109-107.
Short
by olly48
CHFJPY ready for the next bull move 🦐 CHFJPY is moving inside an ascending channel. The price after the bounce over the lower trendline at the 0.5 Fibonacci level is testing the resistance structure. According to Plancton's strategy, if the condition will be satisfied, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
10
CHFJPY on a range trading 🦐CHFJPY is moving inside a range. The price after the last impulse tested the 0.618 fib level. According to Plancton's strategy, if our condition will trigger, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Long
by InkyGrip
3
CHFJPY - SWING - 04. JANU. 2021Welcome to our weekly trade setup ( CHFJPY )! - 1 HOUR Bullish price action and pullback instantly. 4 HOUR Closure above main sr level. DAILY Expecting more upside, good long entries! - FOREX SWING BUY CHFJPY ENTRY LEVEL @ 116.600 SL @ 116.210 TP @ 117.150 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
28
CHFJPY a short move 🦐CHFJPY after retracing until the 0.618 of the previous leg started a bearish move. The market is now testing the support area around 116.450. If the price will move below, according to Plancton's strategy we can consider a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
18
💡 Don't miss the great buy opportunity in CHFJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (116.62). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 117.25 TP2= @ 117.45 TP3= @ 117.75 TP4= @ 118.15 TP5= @ 118.55 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
💡 Don't miss the great buy opportunity in CHFJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (116.62). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 117.25 TP2= @ 117.45 TP3= @ 117.75 TP4= @ 118.15 TP5= @ 118.55 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
25
CHFJPY testing a 4h support 🦐CHFJPY is now testing the 0.382 fib level over a 4h support. The price is moving since the last high in a descending channel. IF the price will break and close below the structure, we can set a nice short order according to Plancton' strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together.
Short
by InkyGrip
8
CHFJPY testing a trendline 🦐CHFJPY after hitting the recent highs at the weekly resistance couldn't break above. The price moved over an ascending trendline and created a head and shoulder formation. IF the market will break below the trendline we will set a nice short order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together.
Short
by InkyGrip
4
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (117.40). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a downtrend and the continuation of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 24. Take Profits: TP1= @ 116.65 TP2= @ 116.35 TP3= @ 116.00 TP4= @ 115.35 TP5= @ 114.70 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
6
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (117.40). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a downtrend and the continuation of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 24. Take Profits: TP1= @ 116.65 TP2= @ 116.35 TP3= @ 116.00 TP4= @ 115.35 TP5= @ 114.70 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
8