Chfjpybuy
ANOTHER RETEST BEFORE WE DROP AGAIN?CHFJPY has been a pretty bearish pair and at the moment, price is showing potential to re-test the zone i have marked at the grey price level before falling again. Bear in mind that price has been bearish for quite a while so we may be nearing the end of this bearish trend In that case, Price also has the potential to move up bullish to our stop loss.
CHFJPY - Buy Now For Short Period Trend is in down trend but in countertrend trading price is reversal from the trend line. This reversal for short time and there is a good chance to get some pips to our account. You can see the RSI show that whenever price was reversed from the marked line towards to 50 line of RSI price gone up.
Open @ 108.515
TP 1 - 108.680
TP 2 - 108.880
SL - 108.349
Note: Trade at your own risk.
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CHFJPY BUY TRADE SETUPPrice reversed from channel support and broke out of ascending trendline and resistance level.
Price has made a pullback and retests the broken levels that lined up with moving averages.
Considering that price has broken out of the counter trendline, the price has the potential to move higher towards the resistance zone from near the current level.
Thanks for reading!
BULLISH POTENTIAL ON CHFJPYI previously marked up this pair before it moved bearish. My respected the analysis and to target from which we can see price impulsed bullish..Price moved up and retraced price level i marked as the entry.
Price is showing potential to move bullish to our target. bullish divergence is also evident.
It is important that you learn how to read price and market structure this will play a part in your success as a trader.
CHFJPY approaching support, potential for a bounce!
CHFJPY is expected to drop to 1st support at 108.184 where it could potentially react off and up to 1st resistance at 108.624.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Analysis of CHFJPY 28.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 107.50
• Take Profit Level: 107.00 (50 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 107.95
• Take Profit Level: 108.25 (30 pips)
GOLD
A possible long position at the breakout of the level 1545.00
USDJPY
A possible short position in the breakdown of the level 105.50
EURUSD
A possible short position in the breakdown of the level 1.1080
GBPUSD
A possible short position in the breakdown of the level 1.2150
Analysis of CHFJPY 23.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 108.00
• Take Profit Level: 107.60 (40 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 108.90
• Take Profit Level: 109.20 (30 pips)
GOLD
A possible long position at the breakout of the level 1508.00
USDJPY
A possible long position at the breakout of the level 106.70
EURUSD
A possible short position in the breakdown of the level 1.1050
GBPUSD
A possible long position at the breakout of the level 1.2275
CHFJPY approaching support, potential for a bounce!
CHFJPY is expected to drop to 1st support at 107.981 where it could potentially react off and up to 1st resistance at 109.013.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FREE ANALYSIS ON CHFJPY - time for the bearsFREE ANALYSIS ON CHFJPY
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15 Min
Bearish Momentum found here. Price below all 3MA's.
1 HOUR
Price has just broke down the trendline and also tested it again. We can also see price breaking down off the MA 200 also. Expecting further down on this pair
4 HOUR
We are currently seeing a retracement of the recent bear run which started 30th June. Price broke down the 27day MA and the 100 MA's. Price did test the 200 MA and was rejected. we are now expecting price to test and break this MA 200 level for further bearish momentum.
OVERALL
Expecting more sell. see chart for TP expectations.
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Thanks for reading
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CHFJPY approaching resistance, look out for potential reversal!
CHFJPY is approaching its resistance at 109.564 where it is could reverse down to its support at 109.145.
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