CHFJPY BEARISH FORMATION !As we can see chfjpy has hit Demand area
and also we see the corrective movements from chfjpy
i expect chfjpy will go down to test his support as well
we still waiting for bearish flag on lower timeframe (15 minutes - 1H) to find confirmation
however this scenario can be fail if chfjpy broke resistance
set your own risk
and dont forget to wait for confirmation
Chfjpyanalysis
CHF/JPY Hit All Targets +185 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHF/JPY +85 Pips , Congratulations This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHFJPY | Perspective for the week | Follow-UpMy last publication on this pair witnessed Price moving 90 and 100pips consecutively from our Buy windows before the crash (see link below for reference purposes). I remaining Bullish on this pair as we find ourselves in another trading opportunity arising from a simple Reversal set-up on the 4Hour chart.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Reversal Pattern (Double Bottom)
Observation: i. We have been in a long term Bullish perspective since 2019 as the price continues to reject Fr116.000 level in recent times.
ii. The decline that started mid-March 2021 appears to have found bottom @ Fr116.000 again as the appearance of a Double Bottom structure signals another reversal from the Demand zone.
iii. My Key level @ Fr116.650 which will also serve as the Neckline shall be my yardstick for Buying opportunity in the coming week(s).
iv. With a Breakout of Neckline finally happening during the latter part of last week trading session, it is time to make a move to join the rally as we look for buying opportunity above this level... Trade consciously! :)
Trading plan: BUY confirmation with a minimum potential profit of 180 pips.
Risk/Reward : 1:6
Potential Duration: 4 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHF/JPY +50 Pips , Congratulations To Who Entered With Me This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHF/JPY Hit Tp1 +45 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHF/JPY New Entry 1:4 Risk RewardThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHFJPY Moving Back to Test 261.8% Fibonacci Level!!!Looking at CHFJPY, we can see great confusion on recent candles. However, we see a failure to break 117.62 resistance level. Using candlestick pattern, we will like to see a higher or equal level close today to confirm our position. However, I am leaning towards seeing a equal or higher price close from previous day opening price. If so, I will be expecting price level to break out 117.62. Thus, today's candle seems more of a candle where BULLISH strength is building instead of a change in direction for this pair.
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CHF/JPY - Breakout failure.On the weekly chart , the price is stuck between two strong levels and is now moving in a range.
On the daily chart , we see that the price tried to break through the resistance level, but was unsuccessful.
New support levels also failed to act as a strong support zone.
So, the price moves down towards the beginning of the move to retest the support level in order to make another attempt to break the resistance level.
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Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.
CHFJPY Long with 3 confluences (Zero Indicators)Confluences:
1. Daily chart double bottom
2. Daily chart trendline breakout
3. Price trending bullish on daily chart as price created a new high.
Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with a duration 4-5 days holding period
CHF/JPY +70 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHFJPY | Perspective for the new week | Follow-upThe price moved over 100pips in our favour since the counter-trend opportunity (see link below for reference purposes) before what appears to be a gradual change in structure that supports completion of a Reversal pattern. Recall that I warned against factors that might disrupt the previous set-up thereby giving way for a rally continuation (see my penultimate publication in the link below).
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Reversal pattern | Harmonic (Cypher)
Observation: i. The Bearish run that began on the 17th of February 2021 found a Bottom @ Y116.000 and since then the price has continued to find Higher highs that culminated in a successful Breakout last week Thursday.
ii. Between the 1st and 10th day of March 2021, the Key level @ Y116.850 experienced selling pressure which finally saw a Breakout with signs that a new trend might have begun!
iii. In this regard, I have identified two key areas to take advantage of the new trend and this is illustrated on the chart as Buy window I & II.
iv. With the present pattern @ Y117.400, we might see a dip below my key level @ Y116.850 (corrective phase) hereby transposing into a Cypher pattern before the rally begins.
v. Whatever happens, anywhere above Key level shall be a good area of confirmation.
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 4 to 10 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHF/JPY - Range opportunityOn the daily chart , the market reached the historical resistance zone and was unable to break through.
After the rejection, the market reached a support zone and then got stuck in a range.
In the range, we can see the formation of a double bottom with the possibility of an upward movement to retest the historical resistance area .
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.
CHF/JPY New Buy Trade With Great R:R This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions