UPDATE: CHFJPY Multi-timeframe Analysis & Trade IdeaHello everyone, if you like the idea, do not forget to support with a like and follow.
We still have a W formation on the Monthly & Weekly where we have 2 sets of trades as seen below. We are looking into a neckline retracement before the move to the upside. We are also looking for a sell reentry before the reversal on the Monthly or Weekly long.
BUY 1 (Weekly W Pattern - Neckline reversal)
Entry: 119.861
Take Profit: 127.331
Stop Loss: 118.564
BUY 2 (Monthly W Pattern - Neckline reversal)
Entry: 121.193
Take Profit: 127.087
Stop Loss: 119.458
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Chfjpyidea
ChfJpy- To reverse from support?Like most Jpy pairs, November was a correction month also for ChfJpy(so far) and the pair dropped from its 125 recent high
An H&S pattern is pretty obvious on lower time frame charts, but in my opinion, this will not pay off.
A short dive under this H&S support is not out of the question, but in the medium term, my opinion is that we'll have a new leg up above 125
CHFJPYHere is the chart of CHFJPY
Last time we made 500+ pips and this time looking for one more bigger move approx 1000pips
reasons behind this trade :-
1: there is years of strong support
2: there is monthly support
3: index is going to show in weakness in upcoming days(my perspective)
4. We are going to take this trade of breakout
Thank you ❣️ peace
CHFJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHF/JPY New Short Setup After 4H Closure To Confirm The Setup !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 top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHFJPY SellWait for a break and retest of level 119.500 to go short with good bearish confirmation on H1.
Reasoning:
Price has made a large bullish move causing imbalance of S&D. Therefore, price is expected to fill in the imbalance.
Price has also rejected trendline and resistance(Blue Line)
Overall trend is still bearish
If trend were to turn bullish, it would have to retest one of the projected take profits (Worst case would be a test of level 119.500)
CHF/JPY New Long Setup To Catch More Than 100 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
CHFJPY AnalaysisThe weekly chart shows price to moving within a widening rising wedge. Scaling down to the D1, price is also trading within a rising wedge. I wend down to the H4 to make an even thorough analysis. Here I found that price had made a very impulsive move to the downside. This was followed by a correction which clearly broke to the upside. On the H1, a correctional retest is forming and I will be looking for opportunities to open long positions upon the break of the H1 corection.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
CHF/JPY Running In 50 Pips From Last Video , New Entry Added !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 Long Setup After 4H Candle Closure To Catch 100 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
CHF/JPY New Short Setup To Catch 150 Pips, Lets Catch It 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