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Chf-jpy

CHFJPY on a weekly resistance 🦐Market is ranging between the 107 and 118 area, on the weekly chart market has been in a discending channel. After the break of it it started an uptrend in higher high higher low move. Currently the market has approached a weekly strong resistance that also is at the top of the asceding daily channel. If the market will break the channel to the upside and consequently break the weekly structure we can set a nice long position according with our strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
1
CHFJPY moving towards 125.000: Long Setup & AnalysisAccording to the latest CHF and JPY reports we can see that both pairs are holding strong positions in favour of the long contract sizes. However, the momentum of the Yen is much stronger, and it will be the decisive figure for this pair in the upcoming weeks. From a technical perspective, on the monthly timeframe, we must at least see a rejection from the 124.000 area, since it aligns perfectly with the 0.618 Fibonacci level and the monthly critical supply zone. If that doesn’t happen, another attempt to close above 135.000 may happen. In both cases a bullish “W” structure will be formed. After price received support on the third touch of our monthly trendline near 109.000, we are now in a parallel channel on the daily timeframe. This channel has still a lot of potential and we will at least see another 3-4 good swings. After explaining you guys all the CHFJPY critical levels and areas of my analysis, it is time to talk about the possible entry points: 1. The first one will be around the 114.000-114.500 area near the daily critical zone. 2. The second one will around 116.000-116.500 area near the monthly critical zone. I have told many times before that price moves between the supply/demand zones and is why it is logical that we use them as entry or take profit areas. If you have enjoyed my CHF/JPY analysis, feel free to leave a like, comment or to follow me. Thank you. Happy Trading!
Long
by SigmaTrading
2
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 114.932. The system recommends entering this trade at any price between 114.762 and 115.102. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.603, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.136, so the stop loss has been set at 115.614. This stop loss order is a trailing stop that will move down as the market moves down. 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: 72723 Time Issued: Thursday, 30 July 2020 08:00:04 GMT Status: open Entry: 114.762 - 115.102 Limit: N/A Stop Loss: 115.614 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM
1
CHFJPY: Still Bullish! How to Catch the Wave??? CHFJPY is retesting a key daily structure. the price has been rejected from that level first and then formed a dodji candle. on 4H the price is consolidating within a bearish flag pattern formation. now the price is trading within a 4H structure support zone matching with a daily level and fib.confluence of the last two bullish legs. to catch the next bullish wave we must wait for a bullish violation of the flag (4H candle close above its resistance) then we can buy on retest or aggressively. initial goal will be: 115.24 stop below the last low within the flag. in case of a bearish violation of 4H yellow structure area, setup will be invalid.
Long
by VasilyTrader
13
CHF/JPY setup ideaDaily CHF/JPY analysis shows that bullish trend reached a zone of resistance and started oscillating round this zone. Furthermore, 4H analysis is showing price to be consolidating as well around this key level, and now following a bearish channel currently reaching the upper part of this channel. Volume and momentum seem to also be diminishing as price reaches channels resistance. Breakout probabilities are still a factor to consider as the market has not shown any clear signal. Nevertheless is still quite a setup to keep an eye on.
by Daniel_Sanchez_3