Chfjpysetup
CHFJPY, 4hr tf, buy on double bottom near EMA-200Hello my friends,
Another setup for today is CHFJPY pairs.
I found price moving towards strong EMA-200 support.
It looks like a double bottom pattern or bullish flag pattern in the long run.
Buy CHFJPY 116.45
Stop loss 116.00
Take profit 117.15 (1.5R)
RR Ratio 1 : 1.5
Use only 1-2% risk
Good luck
CHFJPY | Perspective for the new week60pips against us since my last publication on this pair (see link below for reference purposes); Price finally touches Y117.500 zone just like it did in August 2020 to make a Double Top structure. This was met with rejection followed by Lower Lows in the latter part of last week trading session.
Tendency: Downtrend ( Bearish )
Structure: Reversal pattern | Supply & Demand | Double Top
Observation: i. Since July 2020, price action has been caught within a channel of Supply and Demand.
ii. The appearance of a Reversal pattern since price hits Y117.500 has given rise to a risk of further decline in the coming week(s).
iii. I shall be expecting a significant Breakdown of Key level @ Y116.400 (Neckline) for a signal this week.
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:3
Potential Duration: 5 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY SHORTWe had a daily close inside the daily resistance area.
looking for our target on the 50% fib level.
Then tests 116.600 and 116.800 range before falling to 113.800
Entry - 117.550
SL - 118.000
TP1 - 115.750
TP2 - 113.800
CHF/JPY Buy signalBuy: 114,600
SL: 114,215
Target 1: 114,990
Target 2: 115,230
Target 3: 115,525
Stop-Loss: 39 pips
Risk: 0,5%
Risk-Reward: 2,3
CHFJPY, 4hr tf, sell on breakout of triangle patternHello my friends,
Today is friday and we are going to trade lightly today.
I found a good setup on CHFJPY pairs.
This pair recently broken below the support of a triangle pattern which has formed since September till November.
Yesterday it finally close below it and i think today is a retest of this broken support.
We could expect downside to next support at 113.15
Sell CHFJPY 104.05
Stop loss 104.35
Take profit 103.20 (2.8R)
RR ratio 1 : 2.8
Use only 1-2% risk
Good luck
CHFJPY, daily tf, sell trend line retestHello my friends,
For today i am gonna trade JPY crosses pairs, as the US election could trigger risk-off sentiment.
It looks like we could see it goes wild with current development.
To keep it simple, we will only focus on the price action.
Price already broken below the ascending trend line and now retesting it.
I've marked the horizontal support and resistance as well.
This 114.60 area is an area of confluences as there is horizontal and EMA resistances.
You could clearly see some selling pressure here as the last candle stick looks like a bearish pinbar candle.
Sell CHFJPY 114.60
Stop loss 115.10
Take profit 113.25
RR ratio 1 : 2.5 (2.5R)
Use only 1-2% risk
Good luck
CHF/JPY Wave Analysis
After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
It is now at a strong price action support zone and at the final stage of wave A.
Hence, we expect the pair to be bullish in the near-term.
CHFJPY LONG- Potiential new level of support
- Creating a higher low
- 20 EMA moving close to price (moving support).
This will be a pending order depending on how the
market wants to move.
I won't be entering this trade until I see some bullish confirmation.
CHFJPY FORECAST UPDATEPrice breaks from support but turns out to be a fake out, i took a trade in USDCHF going short instead.
*Thumbs up for money management and for knowing pair divergence*
HAVE A GREAT WEEKEND EVERYONE
CHFJPY FORECAST UPDATEPrice is making a correction in lower time frame from the rising wedge pattern, i will be taking short trade in this pair.
Could have taken the trade early in the pattern with great RR but NEVER FOMO ( FEAR OF MISSING OUT ) because there is much more opportunity i can take later on.
* The risk to reward shadow is just an estimate *
CHFJPY FORECAST UPDATE* RISING WEDGE PATTERN H4 *
i missed this beautiful short trade in this pair, oh well, i'll be looking for a correction setup to enter the second chance trade in the pattern.
If there is no second chance just move on and seek for a new opportunity.
CHFJPY SWING TRADE 12-OCT-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
CHFJPY-Technical analysis
⚡️price is well below the 116.00 and key resistance level
⚡️Rising wedge formation is about to end which is a clear sign of Bearish trend
⚡️Swing target would be 114.400
⚡️115.00 Area will act as barrier for bear
⚡️CHFPY has reached the upper side of the Bollinger bands
SWING TRADE -CHFJPY
Sell @ 115.850
Take profit @ 114.420
Stop lose @ 116.370
140 Pips target
Don't risk more than 1% of your capital
CHFJPY 4HRS ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CHFJPY - Weekly; Wait for it... Then SELL it hard!!While the SNB is a "currency manipulator" (of the first order), Japan is a wholly owned subsidiary of the BoJ. Still, it's wise to bet on the World's 3rd largest economy versus the World's Vault that is now on fire.
... and this chart is foretelling that exact story!
CHFJPY - Outlook 8 October 2020 - consolidation! Hi all traders,
This is a video analysis on chfjpy.
As always, i have explained some of the levels for the traders to take note of it.
hope you will take note of it and trade only when there's a breakout.
As always, do leave a comment if u have any questions
Follow me on tradingview , like and share this video analysis with all your friends.
Cheers and thank you!
CHFJPY FORECAST*PRICE IS MAKING A RISING WEDGE PATTERN WITH BEARISH DIVERGENCE STOCHASTIC TO CONTINUE DOWN*
I will look for a false break or a better setup to entry
