Chfjpysell
CHFJPY - SWING SETUP - 06. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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1 HOUR
Consideration now, price around previous H1 Highs and resistance zone!
4 HOUR
Expecting a bearish break below previous H4 Lows before heading up further!
DAILY
Bullish reaction towards previous Resistance zone!
LEVELS
SELL CHFJPY @ 113.080
SL @ 113.330 (25 Pips)
TP @ 112.300 (75 Pips)
RR: 3.00
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CHFJPY ShortRiding the recent bearish trend after worries regarding Italy's budget eased a bit (market seems to be back to risk-off). Waiting for a breakout and will manually enter past 115 if hourly price action shows continued bearish momentum, with 1st TP near @114.5 (-100 fib level in hourly and daily charts), and 2nd TP @113.3 (0 fib level in hourly, daily and weekly charts). There's possibility still of this pair bouncing to 116.33 especially if actual JPY ave. cash flow tomorrow is better than forecast, and if CHF CPI on Friday is lower than expected, so need to closely monitoring this pair.
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Daily:
Weekly:
Confidence: C (because market in general is back to risk-on, and both CHF and JPY are considered haven assets-- in other words, high risk of getting whipsawed)
CHF/JPY - 150 Pips OpportunityCHF/JPY is heading for a break of the 50 EMA on the 8H chart.
On the 1H chart, it has broken the 200 ema for the first time since it's bullish run.
As long as the 200 EMA on the 1H chart holds strong as resistence, we can expect CHF/JPY to drop 150 pips+.
*Give it 1-2 more hours for the confirmation of the move.
Trade safe.
CHFJPY - UPDATE CHART 9/2018* CHFJPY will drop at Zone of wave group (I)(II)(III)... Maybe he goes from wave (IV) to (V).
* RSI is over 77 for a sell.
Note: Daily group wave I, II, III... is still valid for buy. Next target is wave VI (at BAT).
Thus should take profit 1 at zone wave Daily at (88-100% fibo).
Target 2 is at Cypher with current Fibonacci's ratios
Thanks for watching my chart. HAVE A NICE WEEKEND.
CHFJPY - SHORT IDEA UPDATEDthe market is about to hit the resistance line for the third time watch out for the short zone that is confirmed by the downtrend in H4 and the harmonic pattern, high probability of rejection down around 111.26 - 111.20 that is gonna be a great timing for long opportunity in the uptrend in D1 ( consult your chart in D1 to see ).
Happy profits guyz.
PLEASE CONFIRM THIS IDEA BY YOURSELF BEFORE TAKING ANY DECISION ON THIS TRADE
CHFJPY SELL #1708Look out for CHFJPY SELL #1708 video analysis for more detailed breakdown:)
For your convenience, I have done up this post so that you can track the progress of the trade by clicking the Play button above.
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CHFJPY SELL #1708If you like what you see, please like and follow me BELOW!
www.tradingview.com
Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
***Sorry if I sounded choppy as this is my first time doing a video analysis! Hope to receive more feedbacks on how I can improve on this. Cheers!
Short CHFJPY Longterm Based on Double Top ValidatedWe've had a double-top, validated by the break of the neckline. Price has completed a successful break & retest and we're seeing the rejection now at .382 fib level.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.