Chfjpytrade
FREE ANALYSIS ON CHFJPY - time for the bearsFREE ANALYSIS ON CHFJPY
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15 Min
Bearish Momentum found here. Price below all 3MA's.
1 HOUR
Price has just broke down the trendline and also tested it again. We can also see price breaking down off the MA 200 also. Expecting further down on this pair
4 HOUR
We are currently seeing a retracement of the recent bear run which started 30th June. Price broke down the 27day MA and the 100 MA's. Price did test the 200 MA and was rejected. we are now expecting price to test and break this MA 200 level for further bearish momentum.
OVERALL
Expecting more sell. see chart for TP expectations.
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See previous analysis
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FREE ANALYSIS ON CHFJPY - 26/06/19Welcome to @SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and dont forget to LIKE :)
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30 Min
This time Frame is supporting a bearish move. Price could test previous top before continuing down
2 HOUR
We are seeing a correction of price from the previous bearish move which started 12th April. Also Price is testing the Fib retracement level of 61.8%
4 HOUR
Bearish and its imminent. Thou Price is above WMA100, EMA150 and MA200 which could suggest a bullish move, i am still expecting a move down. wait for break in black line before joining in. 2 types of bearish divergence also found.
OVERALL
Expecting Price to drop
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Thanks for reading
See previous analysis
Please share your thoughts and views on my analysis and don't forget to like it and share with others.
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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POTENTIAL FOR CHFJPY TO MOVE BEARISH In my previous post i highlighted that CHFJPY had the potential to continue moving bearish. However since then , price moved higher than anticipated and is currently trading at 0.618 fib retracement level of the entire bearish move downward. I see potential for this pair to continue moving bearish as it is currently testing and trading a daily trendline with bearish divergence evident. Having said that, the Swiss Franc has also reached a critical point of resistance from where we may see price move down bearish.
I will be keeping an eye on price action and how the close of the 4hr candle.
Green line - TP
Red line - SL
Grey line - Entry
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CHF/JPY - Day TradeCHF/JPY pullback short sell.
Obviously, this is a day trade and we might close it before it even reaches TP. Also, risk twice as less as you usually do.
This is shorting the long trend pullback which I don't normally do because the trend is bullish. But in short term/day trade, if you get a ppotential entry, then why not take it.
CHFJPY - UPCOMING WEEK - DONT MISS ITCHFJPY is approaching its resistance at 110.753 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 108.421
Watch out for the break in the black trend line as this could leads us back to its support of 108.421
See previous analysis
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CHFJPY : Clearish Channel in HistoryCHFJPY Current structure displays a bullish channel. If/when the formation breaks, price will break out. Price is making higher highs and higher lows. Setting the SL below previous low, which will indicate a weakening trend. Otherwise, we ride it up to 115.120 level.
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- StampsFX