Possible trend shift in CHFJPY – going longSignal ID: 78221
Time Issued: Wednesday, 10 November 2021 19:00:15 GMT
Status: open
Entry: 123.852 - 124.236
Limit: N/A
Stop Loss: 123.277
The Tidal Shift Strategy has just bought CHFJPY at 124.044. The system recommends entering this trade at any price between 123.852 and 124.236. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -16.847, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.153, so the stop loss has been set at 123.277. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Chf-jpy
Possible trend shift in CHFJPY – going long Signal ID: 78221
Time Issued: Wednesday, 10 November 2021 19:00:15 GMT
Status: open
Entry: 123.852 - 124.236
Limit: N/A
Stop Loss: 123.277
The Tidal Shift Strategy has just bought CHFJPY at 124.044. The system recommends entering this trade at any price between 123.852 and 124.236. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -16.847, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.153, so the stop loss has been set at 123.277. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
CHFJPY potential for further downside| 11th Nov Price is at the buy entry price of 124.236 which is also 23.6% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to the take profit level of 125.496 which is also the graphical swing high level. Our bullish bias is supported by the RSI indicator as it is on the ascending trendline.
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CHFJPY: Bearish Move Started?! 🇨🇭🇯🇵
Last week we spotted a major rising parallel channel on weekly.
As you remember, a bearish move was expected after a touch of its resistance.
This morning we see multiple bearish clues on intraday time frames.
On 4H the price formed a head and shoulders pattern;
broke and closed below a rising trend line and violated a horizontal neckline to the downside as well.
Now I expect a bearish continuation.
Goals:
123.55
122.8
❤️Please, support this idea with like and comment!❤️
CHFJPYHere is the chart of CHFJPY
Last time we made 500+ pips and this time looking for one more bigger move approx 1000pips
reasons behind this trade :-
1: there is years of strong support
2: there is monthly support
3: index is going to show in weakness in upcoming days(my perspective)
4. We are going to take this trade of breakout
Thank you ❣️ peace
Waiting for the opportunity to sell with CHFJPYH1 time frame.
Structure: The uptrend was broken after the price completed the head and shoulders pattern and broke the Key level at 123.600.
Here is the confirmation of the downtrend, waiting for the price to pull back to test the trendline and sell opportunities at 124.000.
The profit target is the price zone of 122.600.
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Wish you all have a good trading day!
CHFJPY , WAITING FOR SHORTING CHANCE ?we are clearly at a ranging market at the inter day trading time frame .What we will be looking for once the market has opened over , is the break of this particular structure and a CRYSTAL CLEAR retest , and we will be looking for a chance to enter the market on either directions (as the market does whatever it wants )
my personal bias is on the sells for the forth coming week as the higher time frame structure . we are looking at a reach that has hit the higher time frame structure -resistance - trendline
CHFJPY SHORT 500pips!Hello traders, today I will be sharing an idea from my phone for the first time.
Here we have a CHFJPY short trade idea. With a insane TP of 500 pips.
This trade has an insane Risk:Reward of 16.67 which is insane for such small risk.
Please like and follow if you want to see more ideas just like this!
Make sure to check out my awesome other ideas below!
Happy trading!
CHFJPY facing bearish pressure, drop incoming!CHFJPY is approaching the upper resistance of the ascending price channel in line with 1st resistance at 121.675 in line with Horizontal swing high and 100% Fibonacci extension . Price is likely to reverse off from 1st resistance at 121.675 in line with Horizontal swing high and 100% Fibonacci extension to take 1st support at 120.242 in line with 23.6% Fibonacci retracement and 78.6% Fibonacci extension level. Our bearish bias is further supported by how Stochastic is approaching resistance where price dropped in the past. Otherwise price may bullish towards 2nd resistance at 122.506 in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension .
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPYWe may experience a short term sell from the CHFJPY in line with what we have on other JPY pairs, as theYen is about to make a correction after its recent weakness.
Do check out other JPY analyses from links below.
Thanks and good luck.
Pls like, comment and follow for more analysis and educational contents.
Week 39's Move @ CHFJPYAs seen on my screen.
Price have been consistently creating highs while at the upper bounds of our channel.
Am thinking it is due to fall next week.
Lets see how it plays out.
Have a nice weekend Fellas!
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
FX:CHFJPY
CHFJPY Educational candlestick chartingthis pair is being traded just with candlestick charting techniques book from "Steve Nison"
🌟another fun and educational 139 pip from forex
🌟in this method you have to zoom on the last lowest value candle you will face a hammer which signals an end of a bearish cycle
🌟the following candle after that lowest value one is counted as a cross candle which indicates the power of the bears is weakened a lot and the bullish bias is on the front seat
🌟the combination of the last 2 sentences are called "Harami Cross" pattern and with this pattern (which is powerful enough to signal us for entering position specially in short term situations) we are going to have an open contract
Risk warning, disclaimer: all of the following signals/ideas are subjective and based on market judgement of our team's technical and fundamental analysis, we hope traders consider this and always check it with your own strategy, if you don't have any we can help you form one
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Trade well ❤️
CHFJPY LONG 250pips+Hello traders, here we have a beautiful CHFJPY trade idea.
This trade idea is currently in our zone of interest which has multiple confluences to give us this entry point.
Firstly the price has approached our trendline which is in a structure zone, and finally we can see a reversal pattern in the smaller time frames and shooting star patterns in higher time frames. This is giving us a strong indication of a reversal.
This trade has a Take Profit of 250 pips with a small 20 pip risk. This gives this trade a RISK:REWARD of 1:12.44! Which is an insane risk reward and definitely not one to miss!
Safe entry will be once we can see a break in the structure which has been labelled and we will have a solid confirmation for reversal, however you can decide whether to enter in a risky position or wait until the reversal is confirmed.
Thanks for taking a look please like and comment your thoughts!
CHFJPY Prepare for the next bearish move
Hi traders:
Similar like EURJPY, I do see some good bearish confluence for possible selling opportunity.
We can see price has reverse from the top of the higher time frame structure, and a strong impulse phase to push down the price.
Naturally after an impulse phase, price falls into a corrective phase. This time its creating an expanding structure.
To confirm the further downside, we see price did push down on the lower time frame, and its creating a bearish flag continuation.
Now that price has manage break below, waiting for another LTF correction would be ideal for possible entry down to the previous lows.
And if price can manage to continue the impulse phase, then expect further downside from the price.
thank you
CHFJPY a bounce at the 0.618? 🦐CHFJPY on the 4h chart after the double bottom over the daily support started a move inside a range between 2 structure.
The price tested a few times the lower structure exactly at the 0.618 Fibonacci level and now is moving to the upper one.
According to Plancton's strategy if the market will break and close above we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger