Swiss Franc to yen looking good for upside to 151.48Ascending Triangle formed on CHF/JPY
It kind of looked like a Cup and Handle but the handle was quite V shape.
Instead I looked at the rising lows and how it hit the same highs.
Now that the price has broken up, we can expect buy side liquidity to continue.
7>21>200
RSI >50 - Bull divergence
Target 151.48
Swissfrancyen
💵Swiss Franc/Japanese Yen 💵Analyze !!!Swiss Franc/Japanese Yen wasn't able to break the resistance line successfully and made a Double Top pattern.
I expect that the Swiss Franc/Japanese Yen will go down at least to the Double Top pattern's target.
🔅Swiss Franc/Japanese Yen Analyze ( CHFJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EUR/CHF (1/2/18) *Our positions are in profitNice sell Down we had as expected.
Our Shorts trades are in profit. I am expecting we can have more sell down to come.
The first potential TP will be 1.152 and 1,14. Enjoy the ride.
Trade Safe
s0nic
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CHFJPY BREAKOUT TRADEPRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
FOR BUY:
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
FOR SELL:
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO AVOID FALSE BREAKOUTS, ENTER TRADE AT 50 PIPS ABOVE OR BELOW THE PRICE LEVEL.
STOP LOSS 100 PIPS
$CHFJPY | Bearish Wolfe Wave | 1-4 Target LineHello Traders,
Here we have a Wolfe Wave pair similar to CADJPY, we hit point 5 last week and now would be a good time to short this pair using the Wolfe Wave pattern. This cancels out the previous chart I posted on CHFJPY(linked below).
Best,
Chartistry
COMPARING YEN PAIRSWhen we posted the chart below on Friday last week at 15:15, at about same time, all related yen pairs extended upside by a minimum of 40pips. But chfjpy made only 16pips to the upside, before dropping on Sunday open by a massive 120pips. This is mind bugling considering a 40pips moves to the upside was first profit target @114.95.