CHF/JPY - LONGThe last part of the final run before I personally look for short's. This is in the red zone for me but fully accept the 1% risk on the table if we were to go earlier, at the moment I am looking for a completion of the expanding and larger structure which is a nice 3% short term move.
Positives:
- Clear structure
- bullish candle pattern
- Clear middle section to structure
- Stop protection
Let's see how this one plays out.
Chfjpylong
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone!
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
Dump confirmed for CHFJPYThe yen pairs across the board took a dump in the markets this week, ending the multiple week bull run. We should see farther downside action from here but the road will be bumpy.
BEAR CASE
The market should give us another move down after a short term upward correction early next week. We're targeting 123.5 before we consolidate and think of our next move
Obvious pattern forming for CHFJPYThe CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short.
BEAR CASE
We will wait for price to retest 125 before going in for a short
BULL CASE
Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.
CHF/JPY Analysis It Will Head DownwardWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
In the current bullish impulse, it is now due for a correction and showing rejection at previous daily resistance. We expect it to head downward.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
CHFJPY LONGdon't trade before BUY stop, if you get 20 to 30 pips kindly close, its good for investment 2% risks.
if you wanna more pips fully risks for yours.
we are only try to hit baby pips if you like this analysis, please support our idea by hitting the like button and share to your frnz. we will support start to end trading
have a great trading!
Entry buy with CHFJPYH1 time frame.
Structure: Break downtrend.
Break Key level and retracement confirm uptrend.
Buy Break out correction and Target is next resistance zone at 120.500 and 121.200.
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Wish you all have a good trading day!