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Chf-jpy

Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 120.451. The system recommends entering this trade at any price between 120.291 and 120.611. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -5.968, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.128, so the stop loss has been set at 119.81. 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. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1
CHFJPY facing bullish pressure | 2nd July 2021CHFJPY is facing bullish pressure as it holds above moving average and ascending trendline support. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension , and further rise towards Take Profit, in line with 78.6% Fibonacci extension and horizontal swing high resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1
CHFJPY on a new bearish leg? 🦐CHFJPY after the last bearish impulse has retraced exactly at the 0.5 Fibonacci level. The market is now consolidating below and according to Plancton's strategy if the price will move below the support at the 0.382 we will set a nice short 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
Short
by InkyGrip
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. ––––– 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
Long
by InkyGrip
4
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.
Short
by TradeGATEHub
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
Long
by InkyGrip
4
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!
by WicktatorFX
1
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
Short
by kristijanslatinsek
1