CHFJPY Breakout possibility, 114.65 is the keyCHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
Chfjpylong
CHFJPY BROKE OUT OF WEDGEHello traders!
Markets were ranging whole previous week and because of that i haven’t posted any setups. CHFJPY finally broke out of descending wedge formation and we can expect a move to the upside to the top of formation.
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Drop to 112 possible as long as resistance holdsSo far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHF/JPY possible bullish price movement💡Hello traders,
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Let's take a look at CHF/JPY on 1H chart. We can see nice uptrend channel and we believe price will go up to test resistance line of this ascending channel.
Let us know what you think about this idea.
Trade safe !
CHFJPY TRADE IDEACHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
CHFJPY long trade ideaPlan: wait for the price to bounce off from trendline or 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.
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CHF/JPY: GOOD VIBESHello traders!
As you can see from the chart above there are good chances to go long successfully on CHF/ JPY. The reasons are easy to understand.
First of all, RSI 14 does not look overbought.
Secondly, MACD line is crossing SIGNAL line starting a bullish momentum. Furthermore, Bearish Momentum is getting weaker and weaker, as suggested by the red histograms.
TARGET can be set in proximity of the 2nd Fibonacci Levels, drawn thanks to FIBONACCI EXTENSIONS TOOL. Please, notice that the 50 FIBONACCI LEVEL coincides with the RESISTANCE.
Then, I suggest to wait and look for a confirmation candle in order to understand whether go long or short. WATCH OUT FOR FALSE BREAKOUT!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
CHFJPY Bullish Uptrend Movement!!!What we can see now for CHFJPY is a completion of a double bottom formation respecting the support level @113.05. This potentially gives us a bullish outlook as currently we are seeing a bearish retest to the broken resistance level @113.28. I believe we could see a "W" formation forming as it bulls. If not a retest to the trend support level is possible before it bulls. Therefore, as you trade CHFJPY, remember to place your SL well .
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CHFJPY [Weekly Directional Analysis]Simple Analysis on CHFJPY:
Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.
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CHFJPY Falling WedgeCHFJPY is forming a falling wedge (continuation pattern). A break of the resistive trendline has occurred, AND a retest of the resistive trendline is currently happening, lining up perfectly with the 61.8 Fib level. Bulls can enter long positions now, targeting the strong, daily resistance zone as a first target.
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CHF/JPY BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
CHF/JPY: Daytrade-Execution
Buy-Limit: 112,890
Stop-Loss: 112,385
Target 1: 113,325
Target 2: 113,625
Target 3: 114,325
Stop-Loss: 50 pips
Risk: 1%
Ris-Reward: 2,78
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Peace and good trades
Irasor
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CHFJPY - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( CHFJPY )!
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1 HOUR
Bullish closure above trend turning area.
4 HOUR
Expecting a pump to 113.300, good long entries.
DAILY
Overall slowly dropping market about to turn!
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FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 112.610
SL @ 112.180
TP @ 113.290
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN