Chf-jpy
"Short Trade Idea" CHF/JPY by ThinkingAntsOk 1 Hour Chart Explanation:
- Price bounced on the Resistance Zone and, then, broke the Ascending Trendline.
- It is currently on a Bearish Corrective Structure.
- If price breaks it, it has potential to move down towards the Fibo Levels.
Also, our 4H Vision supports a Short View too!
Updates coming soon!
CHFJPY Short Trade *WEEKLY FIB & BEARISH TL*CHFJPY has reached the weekly bearish TL for a 3rd touch. This aligns with the 0.618 fib retracement level at around 110.310
The 1hr bullish TL has been broken and price has retested and rejected it from below to form a lower high.
I am targeting the daily fib level around 109.00 to give an R:R of more than 5:1
CHFJPY Long Trade *Intraday Long*Intraday long trade set up on CHFJPY.
I am long from the lows at 108.300 and I am looking to buy on the intraday higher lows. Price has reached some resistance at this current level and I am predicting a little pullback down to the 1hr bullish trendline.
A higher low, rejection of the previous resistance and fib 0.618 level would be ideal for a scale in position.
Possible trend shift in CHFJPY – going short SELL
108.514 - 108.732 Add to Watch List
Signal ID: 66160
Time Issued: Monday, 17 June 2019 04:00:16 GMT
Status: open
Entry: 108.514 - 108.732
Limit: N/A
Stop Loss: 109.057
The Tidal Shift Strategy has just sold CHFJPY at 108.623. The system recommends entering this trade at any price between 108.514 and 108.732. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.525, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.087, so the stop loss has been set at 109.057. 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.
Extreme trader sentiment points to possible CHFJPY downtrend SEL
108.909 - 109.145 Add to Watch List
Signal ID: 65954
Time Issued: Wednesday, 05 June 2019 19:00:15 GMT
Status: open
Entry: 108.909 - 109.145
Limit: N/A
Stop Loss: 109.498
The Trend Follower Strategy has just sold CHFJPY at 109.027. The system recommends entering this trade at any price between 108.909 and 109.145. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.629. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.471, so the stop loss has been set at 109.498. 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.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Strong vs WeakHello traders.
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Here's why..
CHF Pairs:
AUDCHF -0.14%
CADCHF -0.22%
NZDCHF -0.01%
EURCHF -0.15%
GBPCHF -0.06%
USDCHF -0.10%
CHFJPY +0.23%
JPY Pairs:
USDJPY +0.13%
EURJPY +0.09%
GBPJPY +0.21%
AUDJPY +0.09%
CHFJPY +0.24%
NZDJPY +0.22%
CADJPY +0.00%
As always, use stops and manage your position for the duration of the trade.
Good luck and feel free to share with me your views on the CHF/JPY pair.
Clear sell on CHFJPY lets go short! Right now the price of FOREXCOM: CHFJPY is at a good sales level, 109.133 this level started to form with a strong rejection on May 6th, the price has had its ups and downs, and is consolidating in H1, right now as we have a loss of bullish momentum with three touches in the sales level, indicating the rejection of the rise, we see a good posible sell.
We expect a bearish rally at least until our next level 108.415 we validate that with the fact that it is most likely that the price will look for the level of the moving average in 200 periods. We put our stop loss at 109.212, which I see difficult to touch, since we have a good rejection to the rise, and a trend line that is also rejected, marked in H4.
Stay tuned to the movements of the price of this pair, since we are in minimum levels of the price in weekly chart.
Happy profits, use risk management!
CHFJPY inverse H&SPrevious trade failed, some bad luck because of the trade war news past weekend, during Monday morning opening this one gaped below the support zone. At the moment it looks like it is trying to make an inverse H&S. The right shoulder is in the making, but it's still a bit small. So we could see it get extended a bit coming day or so. If it keeps it's shape and moves towards the neckline again, we could see it trigger a rally when the neckline breaks. Also a chance to see it close that gap as well.
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