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Chfjpyforecast

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.
Long
by darcsherry
1
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.
Long
by darcsherry
2
CHFJPYHello Guys Welcome back to another profit week If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. CHFJPY moving in support area, if not break the support area there will be a perfect buy entry, Let watch together Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
by Bexi03
CHFJPY | Perspective for the new week | UpdateThis is a follow-up on my previous publication as we are yet to find a headway (see link below for reference purposes)... Recall, I mentioned in my last publication that we are in a long term uptrend situation on this pair. However, it appears the price is going through a corrective phase that might incite the much-expected rally in the nearest future. In this regard and despite Bullish expectations, I am looking for a "quick" counter-trend opportunity with hopes of a rally in sight. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) Observation: i. Since the 16th of February 2021, Bears have been engaging the charts as I expect a transposition to a Harmonic pattern (AB = CD) this week. ii. ABCD pattern with parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently hovering around 61.8% (with a possible 78.6% in the future) Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ Y115.500/115.000 area. iii. My Key level @ Y117.300 shall be my yardstick for Bearish expectations in the coming week as any spot below this level is good for me! iv. This been said, I am advising that taking this trade requires utmost attention as we are generally on an uptrend and factors that might disrupt this set-up giving way for an immediate rally continuation can happen anytime... trade consciously :)! Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:3.5 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.
Short
by darcsherry
1
CHFJPY | Perspective for the new week | Follow-upWith 200 pips in our favour since my last publication, it appears we are close to another trading opportunity should the pattern transpose into expectations. What appears to be a temporary Breakout of Y118.000 on the 15th Feb 2021 reveals that there is a strong presence to buying pressure around this area and could be a level to focus on in the nearest future for buying possibilities but before this happens, find below my expectations; Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. The strong engulfing Bearish candle in the last couple of days after the breakout of Y118.000 is a sign that we might be experiencing "quick sells" - a correction wave in anticipation of a rally in the coming week(s). ii. Since the beginning of the year buyers have done a great deal to keep price above Key level hereby confirming to us how powerful their presence is at this juncture in the market. ii. In this regard, I have found two levels (Buy window I & II) to look out for buying options in the coming week(s). iii. The Bullish Trendline on the weekly chart shall be a yardstick to maintain the Bullish bias as a Breakdown/retest of this line shall render this bias invalid. iv. Now, if price decides not to reach any of the Buy windows, a close above Y118.000 could be a good opportunity to join the rally... Trade consciously :) Trading plan: BUY confirmation with a minimum potential profit of 400 pips. Risk/Reward : 1:3.5 Potential Duration: 15 to 25 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Long
by darcsherry
2
CHFJPY Still BULLISH...Possible Rejection From Here!!!We managed to see a nice 261.8 fib level rejection followed by a BEARISH movement back to 161.8% fib level. Also, price level is currently near my moving averages which I expect a possible rejection here. Looking at the chart, we can see great BULLISH pressure holding CHFJPY for now. It have yet to breakout of the BULLISH climb momentum. Having said that, I expect movement to minimally test the 261.8% level once again with a potential breakout bringing price to the next fib level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
4