Chfjpylong
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.63 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 110.72 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BUY D1 CHFJPY 158pips? Its looking like a bullish D1 BAT on here ?
We may be looking at reversal to the upside in most JPY pairs in next few days. If it is, CHFJPY is going ahead.
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Remember to trade your plan
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.34 (horizontal swing low support, 61.8% Fibonacci retracement ,100%, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 112.05 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching our support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.34 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 112.05 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
RSI (34) is also approaching our support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! Price is approaching our first support at 110.33 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 111.38 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 111.38 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 110.33 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! Price is approaching our first support at 111.97 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 113.05 (horizontal swing high resistance, 61.8% Fibonacci extension)
Stochastic (34,5,3) is also approaching its support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY LONGPRICE BROKE OUT OF A FALLING WEDGE AND RETRACED TO WHAT I CAL THE GOLDEN FIB ZONE 61.8 AND 50. IM IN FOR A BUY POSITION
CHFJPY approaching resistance, potential drop!CHFJPY is approaching our first resistance at 113.25 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 112.03 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also seeing a bearish divergence and approaching our resistance where a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce!Price is approaching our first support at 111.31 (horizontal overlap support, 38.2%, 61.8% fibonacci retracement, 100% fibonacci extension) which coincides with our long term ascending support line where a strong bounce might occur pushing price up to our major resistance at 113.15 (horizontal swing high resistance, 61.8% fibonacci extension).
Stochastic (89,5,3) is approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.31 (horizontal overlap support, 38.2%, 61.8% fibonacci retracement, 100% fibonacci extension) which coincides with our long term ascending support line where a strong bounce might occur pushing price up to our major resistance at 113.11 (horizontal overlap resistance, 61.8% fibonacci extension).
Stochastic (89,5,3) is approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 111.95 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.30 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 111.14 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement might provide the bearish acceleration to our major support level). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 111.95 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support target at 110.34 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). A breakout below our short term ascending support line might provide the bearish acceleration to our major support target.
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 111.91 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement, elliot wave structure) where a strong bounce might occur above this level pushing price up to our major resistance at 112.64 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also seeing a bullish divergence and is bouncing off our major support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop!Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching resistance and we might see a corresponding drop in price if it reacts off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY Bullish White Swan And Long Opportunity As you will see on the attached idea we have entered a Long Trade at 111.900 and we have reached our first target.
The price is likely to hit the second target. Break and close above 112.500 is another Long opportunity and the pair is likely to hit 112.900.
At 112.900 we will close our positions and wait for the daily closing to decide about the direction. We will update the trade idea in the premium section.
CHFJPY Breakout And On The Way UpCHFJPY has broken the flag formation that I have been watching and is making it's move. I expect price to reach the top of the larger structure. This should play out by the end of the week if we don't see any changes in the structure formation.
Contact me via direct message for any assistance required
Cheers
Linton
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.94 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 113.42 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (34) is also approaching its support where we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.27 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.52 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
