Bearish Opportunity on CHFJPY. Deep Crab Harmonic.Bearish Deep Crab on CHFJPY today gives an opportunity to ride a short position to the median line, granted we get an appropriate entry signal.
I'm going to be looking for price to break below VWAP with increased bearish volume. I use a couple of other indicators as well, as I'm sure you do too.
Price has good chance of retesting median line of pitchfork (in red oval) drawn off of a harmonic, in this way.
Wait for your entry signals!
Chf-jpy
CHFJPY Double Top at 111.95 Within Symmetrical TriangleOn Swiss Yen we can see a clear double top rejection at the 111.95 level after price did a fake break of the descending resistance level.
First target is based at the .382 fib retracement, but I expect price to push down further after a retest of 111.7 structure level.
Possible trend shift in CHFJPY – going longSignal ID: 64694
Time Issued: Wednesday, 03 April 2019 08:00:15 GMT
Status: open
Entry: 111.734 - 111.966
Limit: N/A
Stop Loss: 111.386
The Tidal Shift Strategy has just bought CHFJPY at 111.85. The system recommends entering this trade at any price between 111.734 and 111.966. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.466, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.093, so the stop loss has been set at 111.386. 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.
CHFJPY @ Supply zone with H&S on 15min chartGood swing trade opportunity with 3:1 RR
- Price channel breakout (after main 5thouchs)
- 4h reversal candle
- Head & Shoulders on 15min & 1hour chart
- RR : 3:1
- Supporting indicator RSI is down.
- The main event yesterday was FOMC & Fed interest rate announcement (remained @ 2.50).
Patience and discipline is good
- Lockup profit at 111.07ch, take it at 110.17ch
- Keep calm and focus on the process
Yen repatriation flowsOn the technicals it is a simple AB=CD leg in play to the downside, a break of 110.4 will open up the remainder of the move.
For the macro side we have seasonality flows going on. Fiscal year end repatriation moves back to Yen, we are right on time for a mid-march kickoff... something those from the forex channel will know we have been tracking for some time.
Good luck
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
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.
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CHF/JPY: The pair could be topping (Trading plan)hi guys,
the pair could be topping since it's currently on a resistance fib line + volumes suggests a potential drop.
The trading plan is to sell @ market and put a SL around 10 pips above the resistance fib level. The target is shown as well (around 110.70-ish).
Happy trading! And drop me a line or a like if you appreciate my ideas :-)
Jesse
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.
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