chfjpy short short we are looking at a 1,2,3 formation that will give us a good risk to reward on this pair
after the double bottom we are seeing a higher high only to retrace back towards the neck line of this pair. hope this works for everywhere
Chf-jpy
CHFJPY testing the channel 🦐CHFJPY is moving inside a descending channel.
The price after bouncing over the 114 level created a nice bullish leg.
IF the price will break above the 114.750 level we can set a nice long 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.
CHFJPY ANALYSISCHFJPY rejected from major downtrendline with bearish movement
Price is based below HVN at level 115.57 which indicates that pair is in distribution phase
It's expected to target support level at 113.75
CHFJPY - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( CHFJPY )!
-
1 HOUR
Bullish reaction after a bearish run.
4 HOUR
Expecting futher bullish price action..
DAILY
Overall strong waving market structure, good long entries!
-
FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 114.230
SL @ 113.810
TP @ 114.880
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
CHF-JPY in triangle. Will go UP. Buy!
Hello, Traders!
CHF-JPY is trading in a triangle
And has reached a strong DAILY support
Because of that, I am bullish on the pair
And expect a bullish surge up
To test the falling resistance
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
CHFJPY - LongCHFJPY has returned to a level of support at 113.97. In this area, we have seen previous strong bullish momentum to the upside.
Following confirmation of rejection at this support level, I will enter a long trade; being cautious if the price reaches the 200 day EMA on the 4H as often the price can struggle to break the 200 day EMA.
CHFJPY on a descending channel 🦐CHFJPY after testing the daily resistance at 115.700 level, started a bearish leg.
The price broke below the 4h support and now look for the test of the daily support at 114 area.
When the price will break below the structure, we can set a nice short order according to Plancton's sttrategy.
--––
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.
CHFJPY in a bear flag? 🦐CHFJPY on the daily chart hit yesterday the 116 area at the resistance structure and got rejected.
The price moved in a minor ascending channel creating a bear flag.
IF the price will break below the support structure and consequently breaks the channel, we will 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.
CHFJPY a short move 🦐CHFJPY on the daily chart has been rejected by a daily descending trendline.
The price is testing now daily support at 115.450.
IF the market will break and close below the structure 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.
CHF/JPY Weekly Forecast (19th October - 23th October)CHF/JPY 4h chart. The price is currently testing a key level and the wedge pattern that broke through last week. For us, this means a great Risk-Reward trade in the short direction, as there is room for the price to fall.
CHFJPY on a bullish momentum CHFJPY on the daily chart looks bullish.
After the last impulse, the market broke above the daily channel and now looks for a retest of it.
IF the price will go for a test of the 0.382 fib level and shows us a sign of inversion we will set a nice long 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.
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 115.91. The system recommends entering this trade at any price between 115.771 and 116.049. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -4.209, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.111, so the stop loss has been set at 115.355. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 73710
Time Issued: Tuesday, 20 October 2020 03:00:15 GMT
Status: open
Entry: 115.771 - 116.049
Limit: N/A
Stop Loss: 115.355
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Past Performance is not an indicator of future results.
CHF/JPY Range Mode!We are currently in the range and sellers territory. If price broke the top of the structure, our first target is at the start of sellers territory because we prefer trading with a trend not against it.. The next option is to go with a trend and wait on break of the bottom of the structure.
CHFJPY SELL STILL AROUND ENTRY + BEARISH INDICATION CANDLES CHFJPY is still valid for entry.
The entry price, SL and multiple TPs are shown on the chart.
Please use risk management !
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (115.67).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 115.01
TP2= @ 114.60
TP3= @ 114.05
TP4= @ 113.25
TP5= @ 111.97
SL: Break Above R2
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