CHFJPY - Reversal Pattern!CHFJPY has given us a high probability reversal pattern as well as a double top which makes this a high probability trade. On lower timeframe, watch for bear flags to take this down.
Goodluck and trade safe!
Chf-jpy
CHFJPY testing the 0.618 🦐CHFJPY after the last bullish impulse has retraced over the support.
The market is now testing the level between the 0.382 and the 0.618 Fibonacci and according to Plancton's strategy if the price will break 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
CHFJPY facing bearish pressure, potential for further downside!Prices are facing bearish pressure from descending trendline resistance, horizontal swing high resistance in line with 127.2% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Stochastics is also approaching 93.52 resistance level, potential for bounce.
CHF/JPY - LongWe could see bullish momentum continue if we see bullish rejection at support and the 78.6% fib level.
JPY weakness driving the fundamentals
CHFJPY Sell Hi All,
Following on from our previous sell analysis on this pair, this is an update as fundamental has played a major role in the trend mover higher. However our Sl is still intact. We still very much in the trade.
looking at the weekly we anticipate price to start retracing in the coming weeks of month, only if japan comes out of the state of emergency on the 21st of June.
Many Thanks
CHFJPY testing the support 🦐CADCHF after the last bullish impulse has retraced over the support.
The market is now testing the level between the 0.382 and the 0.5 Fibonacci and according to Plancton's strategy if the price will break above we will set a nice long order.
–––––
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
CHFJPY - FOREX - 01. MAY. 2021Welcome to our weekly trade setup ( CHFJPY )!
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1 HOUR
Bearish break below main sr level.
4 HOUR
Expecting further downside pressure..
DAILY
Overall bearish market structure.
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FOREX SETUP
SELL CHFJPY
ENTRY LEVEL @ 121.930
SL @ 122.450
TP @ 121.190
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CHFJPY - Ascending Correction BREAKThis pair has been on our radar for a while now. Initially we thought that the bigger timeframe parallel channel would create resistance causing CHFJPY to fall down. In hindsight, we should have been focusing on the lower timeframe patterns to tell us what price will do next.
If we look at the patterns in this current timeframe, we can see that we had various breaks of patterns which we could have taken advantage of. In the future, we will be analysing higher timeframe but focusing on lower timeframe patterns so we can make short term gains.
Goodluck and trade safe!
CHF/JPY LIMIT BUY SIGNALTrend remains heavily bullish and there is another 100 pip growth potential in the midterm
CHFJPY 4HR BUY #BLESSEDPIPS 4 hr BUY confirmation on CHFJPY, will be placing an entry here after a healthy retest.
Once blue, its on you. Secure your money.
#BLESSEDPIPS
CHFJPY Setting up for a reversal ?Hi Guys !
On the technical side, the CHFJPY is setting up for a nice reversal to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups. Try to catch your trade as high as it possible.
There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio.
Any strong break to the upside will invalidate the setup.
The Risk:
As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with this trade and your stop loss is to big for your trading account simply just skip it and wait for another one .
For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( Don't read the fundamentals it will confuse you). However if you don't over risk and follow the plan than there is noting to lose in this online business.
Trade with care !
Thanks for your support
CADCHF - IN TREND ENGULFING LONG SETUP (D)Confluences:
Recent higher high
Large bullish engulfing candle
Slight lower bollinger band outbreak
SL set below engulfing candle low.
TP set a previous high's candle body high. Trail SL for max profit.
Similar to CADJPY setup, but not quite as strong.
A clear Ascending Channel is Forming on CHF/JPYThe 4h chart of CHF/JPY is forming a great ascending channel.
It's not valid yet, but if price touches the bottom purple line for the second time, then it will be confirmed.
P.S. I'm trying to build my reputation. If you want to help, please Follow my profile, comment below, and like this post :) It will help greatly.. and I will repay the kindess by doing the same back to you!
CHFJPY - High Value Area For Short ⭐From the chart you can see that price is approaching a high value area where we can look for shorts - Parallel channel resistance and Ascending wedge resistance.
On the smaller timeframe, wait for the ABC impulse to breakdown before entering for a safe entry. See chart below for more information.
Goodluck and trade safe!
CHFJPY - High Value Area For Short ⭐From the chart you can see that price is approaching a high value area where we can look for shorts - Parallel channel resistance and Ascending wedge resistance.
On the smaller timeframe, wait for the ABC impulse to breakdown before entering for a safe entry. See chart below for more information.
Goodluck and trade safe!
CHFJPY - Ready For A Massive 1,000 Pip Move!We were focused on CHFJPY for a couple of weeks now as we understood that JPY was going to reverse. JPY finally turned bullish and so CHFJPY has begun it's trend reversal.
For a confirmed trend reversal, we require an impulsive break. See linked chart for more information.
See smaller timeframe in chart updates.
Goodluck and trade safe!
CHFJPY - Ready For A Massive 1,000 Pip Move!We were focused on CHFJPY for a couple of weeks now as we understood that JPY was going to reverse. JPY finally turned bullish and so CHFJPY has begun it's trend reversal.
For a confirmed trend reversal, we require an impulsive break. See linked chart for more information.
See smaller timeframe in chart updates.
Goodluck and trade safe!
CHFJPY facing bullish pressure | 30 Apr 2021Prices are facing bullish pressure from pivot level in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Prices might push up towards 1st resistance in line with -27.2% Fibonacci retracement and 78.6% Fibonacci extension . If prices push down further, prices might take support from 1st support in line with 50% Fibonacci retracement . EMA is below prices, showing a bullish pressure for prices.
CHFJPY facing bullish pressure | 30 Apr 2021Prices are facing bullish pressure from pivot level in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push up towards 1st resistance in line with -27.2% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down further, prices might take support from 1st support in line with 50% Fibonacci retracement. EMA is below prices, showing a bullish pressure for prices.
