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Chfjpylong

CHFJPY +300 Pips Coming Soon?Here Is the Idea Target - We have tons of equal highs on the monthly and I believe we will be making a run for them this week or at least sometime this month. I like the fact we respected an old support level + cleared 3-4 weekly lows + reversed on them and closed above. This is the type of behavior I like to see. The close above the lows shows not only were the lows bought up, but price should remain above them now as institutions protect their positions. The next logical target is 118-119 which is about 300-400 pips north of price. Last week we also made a new high after clearing the lows. It also helps the Yen looks weak overall for this week, and maybe next. The swiss also looks strong across the board. Strong/Weak= ^
Long
by elevatedinvestor
CHFJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
CHF/JPY TRADE IDEA Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! CHF/JPY: Daytrade-Preparation Market-Buy: 116,600 Stop-Loss: 116,265 Target 1: 116,920 Target 2: 117,090 Target 3: 117,340 Stop-Loss: 34 pips Risk: 0,5% - 1% Risk-Reward: 2,30 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
6
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 116.873. The system recommends entering this trade at any price between 116.711 and 117.035. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -4.441, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.13, so the stop loss has been set at 116.226. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 73281 Time Issued: Thursday, 10 September 2020 17:00:17 GMT Status: open Entry: 116.711 - 117.035 Limit: N/A Stop Loss: 116.225 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
2