CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 110.34 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 109.77 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chf-jpy
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 109.34 (Horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 109.73 (Horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce 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.
CHFJPY potential long position- Price has formed a descending channel on the 4 hour chart at the support band of the daily structure
- Price is over sold on weekly TDI insinuating potential bullish price action soon.
- Wait for price to drop from 4H descending channel to touch the daily structure (orange) and wait for 15 minute reversal pattern to enter trade.
- Potential buy zone 109.4 - 108.8
Extreme trader sentiment points to possible CHFJPY downtrend The Trend Follower Strategy has just sold CHFJPY at 110.007. The system recommends entering this trade at any price between 109.882 and 110.133. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.506. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.502, so the stop loss has been set at 110.509. 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.
Signal ID: 61576
Time Issued: Sunday, 03 February 2019 22:01:16 GMT
Status: open
Entry: 109.882 - 110.133
Limit: N/A
Stop Loss: 110.509
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
Extreme trader sentiment points to possible CHFJPY downtrendThe Trend Follower Strategy has just sold CHFJPY at 110.007. The system recommends entering this trade at any price between 109.882 and 110.133. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.506. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.502, so the stop loss has been set at 110.509. 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.
Signal ID: 61576
Time Issued: Sunday, 03 February 2019 22:01:16 GMT
Status: open
Entry: 109.882 - 110.133
Limit: N/A
Stop Loss: 110.509
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
Extreme trader sentiment points to possible CHFJPY downtrendThe Trend Follower Strategy has just sold CHFJPY at 110.14. The system recommends entering this trade at any price between 110.011 and 110.269. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.525. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.515, so the stop loss has been set at 110.655. 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.
Signal ID: 61444
Time Issued: Monday, 28 January 2019 06:00:15 GMT
Status: open
Entry: 110.011 - 110.269
Limit: N/A
Stop Loss: 110.655
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
Extreme trader sentiment points to possible CHFJPY downtrendThe Trend Follower Strategy has just sold CHFJPY at 110.14. The system recommends entering this trade at any price between 110.011 and 110.269. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.525. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.515, so the stop loss has been set at 110.655. 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.
Signal ID: 61444
Time Issued: Monday, 28 January 2019 06:00:15 GMT
Status: open
Entry: 110.011 - 110.269
Limit: N/A
Stop Loss: 110.655
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% 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.
CHFJPY Approaching Resistance, Potential ReversalCHFJPY is approaching its resistance at 110.37 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support) where it could potentially drop to its support at 109.81 (100% Fibonacci extension, Horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding drop could occur.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 110.37 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 109.82 (Horizontal overlap support, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
CHFJPY testing resistance, potential drop!CHFJPY is testing our first resistance at 110.02 (Horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 109.77 (Horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY Testing Support, Potential BounceCHFJPY is testing its support at 109.53 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where price may bounce up to its resistance at 110.31 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 4.4% where a corresponding bounce may occur.
CHFJPY approaching resistance, potential drop!
CHFJPY is approaching our first resistance at 112.707(horizontal swing high resistance , 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where we might see a drop in price to our first support at 108.082 (horizontal swing low support, 61.8% Fibonacci retracement. 100% Fabonacci extension ).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
FOREX: CHFJPY - SWING - 21. JAN. 2018WELCOME TO DACAPITAL-TRADING!
CHFJPY FOREX BREAKDOWN 21 JANUARY 2018
1 HOUR
Bearish market open, good long entrys for this week.
4 HOUR
Bearish waving market with several LL / LH, Expecting a sellers takeout..
DAILY
Sideways market right now, possible breakout to both directions!
LEVELS
(Please split your Position to 3 small ones for perfect entrys!)
BUY CHFJPY
ENTRY @ 110.070
SL @ 109.610 (45 Pips)
TP @ 110.650 (55 Pips)
RR: 1.20, normal swing trade!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
EURAUD Bounced Off Support, Potential For A Further RiseEURAUD bounced off its support at 1.5789 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise further to its resistance at 1.5967 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 1.1% where a further rise could occur.
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 109.30 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 109.89 (38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
AUDCAD Approaching Resistance, Potential ReversalAUDCAD is approaching its resistance at 0.9574 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9464 (38.2% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 98% where a potential reversal could occur.