CHFJPY LONG - Key H4 level is holding and a reversal is possiblePrice has been moving in a downtrend for the past few weeks and has tested the bearish trend line 3 times with strong rejections each time. However, price is starting to lose momentum in its down trend as price is failing to set new lows and we have just recently had a strong bullish reaction from a key H4 support level. Price has the possibility to reverse and give us a counter trend move and break through the bearish trendline and test the key level of resistance above it.
Chfjpylong
CHFJPY - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( CHFJPY )!
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1 HOUR
Bullish reaction after a bearish run.
4 HOUR
Expecting futher bullish price action..
DAILY
Overall strong waving market structure, good long entries!
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FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 114.230
SL @ 113.810
TP @ 114.880
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CHFJPY Could Take A Bounce From Here...CHFJPY is currently at a critical support level @114.37 price level. This strong support level managed to hold price level for CHFJPY and I will be looking our for a short retest before any form of BEARISH continuation. From a Bollinger Band point of view, we could see a middle band retest for now before any big BEARISH movement. Ichimoku Cloud is showing a similar outlook with price level moving to the downside but similarly I will potentially a build up before a potential fall. As of now, I am BULLISH for this pair for a short term trade. Will update again for further movements.
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CHF/JPY LONG 4H CHF/Jpy is in uptrend and this channel save that in uptrend .price is to close of bottom of channel and i think this is good chance for long position.
reward/risk : 4
stop loss : 115.170 less than 50 pips
tp 1 : 116.440 more than 80 pips
tp 2 : 117.000 more than 200 pips
wait for first confirm candle on this zone and then open your position
GOOD LUCK
CHF/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
CHF/JPY: Daytrade-Preparation
Market-Buy-Order: 115,630
Stop-Loss: 115,290
Target 1: 115,970
Target 2: 116,200
Target 3: 116,445
Target for One-Target-Trader: 116,200
Stop-Loss: 34 pips
Risk: 0,5% - 1%
Risk-Reward: 2,34
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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