Chfjpylong
CHFJPY FOR THE BULLS CHFJPY is currently looking good for a bullish move. In my previous mark up, i mentioned i would be keeping an eye on how price reacted around a daily timeline i plotted. ( I have attached that mark up below) As you can see, price broke above that trendline and continued to move higher until we reached a point of resistance where price as i would see it retraced. I marked the 50% retracement level with the grey horizontal line where we may see price move higher toward our take profit marked at the green line.
Always note that as price moves i.e retraces more to 0.618 the take profit would be adjusted accordingly and this is the case with all my mark ups.
Grey line- Entry
Green line - Take profit
Red line - Stop loss
Risk per trade - 1%
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CHFJPY (Swiss/Japanese Yen) LongAs we can see in my chart, market has reached a support line as historically shown if you look left, we've touched this area many times and market has gone back up from here but be aware that market may decide it still wants a bit more down before going up. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Buy CHF/JPY At The Weekly Support ZoneNow is looking like a perfect opportunity to catch huge pips as price has approached a weekly tested support zone! As CHF weakened during the past 2 weeks it has pushed priced to a key zone which should cause price to reverse & we will capitalize on this move.
Trade Details :
Entry : 107.810
SL : 107.400
TP : 110.000
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Buy CHF/JPY Reverse Head & Shoulder PatternThis reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!
Trade Details :
Entry : 107.950
SL : 107.800
TP : 109.000
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Link : t.me
CHFJPY - SWING - 08. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CHFJPY FOREX BREAKDOWN 08 MAY 2019
1 HOUR
Found a support right now, we need a market turn!
4 HOUR
Bearish market for a couple of days turning bullish now.
DAILY
Strong Support can hold right now, looking for upside momentum!
SWING SETUP
BUY CHFJPY
ENTRY @ 108.200
SL @ 107.610
TP @ 111.200
RR: 5.10
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CHFJPY: Bottom Formed On Bank HolidayWelcome to this analysis guys on todays bank holiday.
We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested.
The retest happened with a pin bar or a so called wick. A good indicator about a trend change.
My favorite divergence is also in place.
It is still possible to enter the trade but you got a less good risk to reward! Keep that in mind.
Wishing you guys good trades and hear you next time!
Trump at it again....We are looking for price to enter our support zone ( red box ) before price bounces and makes bullish movement up to our resistance zone ( green box )
There was a big gap at market open and these gaps 90% of the time get filled, this gap was caused by Mr Trumps weekend antics with China.
If you need any help then just message us.