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Chf-jpy

CHFJPY Confined in A Weekly wedge. Awaits breakout Momentum!The blue lines represents the support and resistance levels drawn from the monthly charts. If the price breakouts of the triangle in either direction the support or resistance levels next to them needs to be broken decisively in order for the technical aspects to be in our favour of the trade. shall there be any updates i will post them in a new thread. this just represents my outlook and analysis on this pair. if the technical aspects of this trade meets, i will post the entry and exit details in a new thread. cheers
by FX618Analysis
Extreme trader sentiment points to possible CHFJPY uptrendSignal ID: 64383 Time Issued: Wednesday, 20 March 2019 00:01:15 GMT Status: open Entry: 111.434 - 111.684 Limit: N/A Stop Loss: 111.059 The Trend Follower Strategy has just bought CHFJPY at 111.559. The system recommends entering this trade at any price between 111.434 and 111.684. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.622. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.5, so the stop loss has been set at 111.059. 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.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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
CHFJPY Approaching Resistance, Prepare For A Reversal CHFJPY is approaching its resistance at 111.11 (61.8% Fibonacci extension, horizontal overlap resistance, 50% Fibonacci retracement) where it is expected to reverse down to its support at 111.47(50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
CHFJPY appears oversoldThe Congestion Opportunities Strategy has just bought CHFJPY at 109.948. The system recommends entering this trade at any price between 109.82 and 110.075. The signal was issued because the 28-hour Relative Strength Index indicates that the CHFJPY may be oversold, while the Speculative Sentiment Index reading of 1.273 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.51, so the stop loss has been set at 109.438. 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.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. \Signal ID: 64205 Time Issued: Friday, 08 March 2019 06:00:16 GMT Status: open Entry: 109.82 - 110.075 Limit: N/A Stop Loss: 109.438 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
1
CHFJPY Might pullback soonGood day everyone, CHFJPY might pullback very soon toward 111.500~112.000 zone , the price were oversold on our weekly T.F and now looks bullish, and we have bullish divergence on weekly and daily T.F as well JPY FUTURES are current on a support level however the bears arent gonna respect this one (just a personal guest), at least not for a long time. We see the price is moving sideways for a while now, a good way to enter long is wait for a strong bullish candle on H4 time frame, closing above current levels and near the candle high (without shadows or almost none). This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
QLong
by MarcelMartins
WINNER WINNER CHICKEN DINNERIf you can find a level as strongly respected as this 1 you are onto winner winner chicken dinner. Purple arrows point out to you where price has respected this level on numerous occasions, previously it has respected this level as resistance, We can see price broke this resistance and shot up, Now we can only see upside movement with this pair but price might come back down and retest this level as support before pushing higher, or price might just push higher... Either way we are in this trade and will be laughing all the way to the yacht dealership :p So people say simple doesn't work in forex?? BULL#='T ( I will let you fill in the blanks ) Simple DOES work, infact simple is BETTER!!! The reason these so called FOREX GURUS make there charts look complicated and use fancy words is to make you think you cant learn it because it looks too hard I grew up on a rough council estate in England UK and didn't get any grades from school... now I'm earning 10x more than the teachers that said I would fail and end up in prison... work that 1 out!? So if I can master forex without 500 chart indicators and fancy words... Then so can you.
Long
by ForeverForex3
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support 110.43 (Horizontal overlap support, 23.6% fiboancci retracement, 100% fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 110.76 (76.4% Fibonacci retracement). Stochastic (21, 5, 3) is also approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill