Chfjpysetup
CHFJPY long trade on pullbackHello traders,
We have had a nice short trade earlier on this pair and now after the pullback we have spotted a nice bullish engulfing candle which suggests that we should see further upside movements. I have gone long on this and marked the entry point, sl and tp for you as well.
Ultimately I think it should make a double top before deciding further direction.
Let me know what you think.
Trade safe and good luck.
CHFJPY short for 120 pips.Nice setup this. After a decent push up we are expecting some retracement if not a complete reversal. CHF weakness should also help the cause. Price action is at a major level and we have seen bearish engulfing candle printed on the 4h chart.
I have gone short on this and marked tp and sl for you as well.
Trade safe and good luck.
CHFJPY--Bigger Chat market View--Potential Sell MoveHy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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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.this is not signal. it's my opinion. trade you own risk.
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chfjpy trade setupthere is both ascendinf triangle on 4h chart and a bullish butterfly on daily chart. daily closing is important. blue box is the descendind triangle target. I will update the chart (butterfly tp) if it reaches the prz zone.first I open the short position first , the if it reach the blue lines I will look for a long position
CHFJPY technicaly based forecast
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💡 CHFJPY technicaly based idea, we can see price is bounce from up trend line, candels foramtion is good bearish, technicaly indicators showing we can expect higher push down in price, expecting to see push down in price till bottom trend line.
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SWISS FRANC / JAPANESE YEN (CHFJPY) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
CHFJPYCHFJPY
For the past one month CHFJPY pair is trading in a narrow range of around 100 pips
We can expect the breakout as its further narrowing the channel
Suitable short positions may open at this level 112.500 which is also a 23.6% Fibonacci
And the potential take profit will be 110.500
Stop lose may placed above the top side resistance level which is 113.050
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