Sell below 110.74. Stop loss 111.81. Take profit at 109.70. Reason for the trading strategy (technically): CHFJPY reversed nicely off its resistance at 110.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a drop to its support at 109.70 (78.6% Fibonacci retracement, 100% Fibonacci extension). ...
WELCOME TO DACAPITAL TRADING!! EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bearish movement below previous week low DAILY 112.000 DKL Taken out with a instant downside reaction WEEKLY Market very sideways in weekly finally trying to push out LEVELS SHORT @ 110.505 SL @ 110.939 TP1 @ 110.082 TP2 @...
CHFJPY is approaching our first support at 110.75 (horizontal overalp support, 100% fibonacci extension, 50% fibonacci retracement, elliot wave structure). A strong bounce might occur above this level pushing price up to our major resistance at 111.62 (horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is...
i have 2 trading scenarios here for CHF/JPY PAIR For both sell setups
CHFJPY is breaking out of its ascending channel where if it breaks past its first support at 111.42 (horizontal overlap resistance, it could confirm a move down to its next support at 110.82 (38.2% Fibonacci retracement, horizontal swing low support). RSI (34) is also breaking out of its ascending line which contributes to our bearish bias. Trading CFDs on...
WELCOME TO DACAPITAL TRADING!! EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Strong price action above previous week resistance DAILY Explosive daily price movement, very strong buyers pressure WEEKLY Forming new weekly highs, following mid term trend after taking out 108.500 Key Level LEVELS Long @...
I'll be looking to buy this pair, if price enters the 108.8 area. Once price does this, I will be looking for bull candles on the daily time frame. If I get a bull candle on the daily time frame, then I'll be place buy limit orders at previous levels on the 1H in an attempt to make entry on a pull back.
If price moves into the 112.5 area, then I'll be looking for bear candles on the daily time frame. If I get bear candles on the daily time frame, then I'll be placing sell limit orders at previous levels on the 1H in an attempt to make entry on a pull back.
CHFJPY is approaching our first resistance at 109.69 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) and price might potentially drop to our major support at 108.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI is also approaching our...
CHFJPY is approaching our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 110.70 (horizontal swing high resistance, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line...
CHFJPY bounced perfectly to reach our resistance target yesterday. We now see another potential bounce coming above 110.07 support (Fibonacci retracement, Fibonacci extension, bullish divergence, horizontal swing low support) which could push prices up to 110.75 resistance (Fibonacci retracement, horizontal swing high resistance) once again. Stochastic (55,5,3) is...
CHFJPY is testing our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension, Elliot wave structure) where price might potentially rise to its first resistance at 110.67 (horizontal overlap resistance, 38.2% Fibonacci retracement ). Stochastic (55,5,3) is also approaching support and a bounce off this level...
CHFJPY bounce off our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, Elliot wave structure) where price might potentially rise to its first resistance at 110.66 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in price.
CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku...