Chf-jpy
CHFJPY - One To Watch - Big 1000pip DropCHFJPY is the favourite pair for this week as CHF is incredibly weak and JPY seems to be on the verge of a reversal (See links below as to why we're anticipating this)
Looking for a break of trendline and structure and a retest and then riding this down. Big potential for this trade.
Trade Safe.
CHFJPY - One To Watch - Big 1000pip DropCHFJPY is the favourite pair for this week as CHF is incredibly weak and JPY seems to be on the verge of a reversal (See links below as to why we're anticipating this)
Looking for a break of trendline and structure and a retest and then riding this down. Big potential for this trade.
Trade Safe.
CHFJPY a short move 🦐CHFJPY after the attempt to break above the 118 area got rejected.
The market is now testing a minor support over a trenldine.
According to Plancton's strategy if the price will break below we can set a nice short 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 testing the range 🦐CHFJPY after the attempt to break below the 116.200 area started a new impulse.
The market has now approached the resistance level at 117.450 and according to Plancton's strategy if the conditions will be satisfied we can 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 looking for the 118 🦐CHFJPY after the attempt to break below the 116.200 area started a new impulse.
The market has now approached the resistance level at 117.450 and according to Plancton's strategy if the conditions will be satisfied we can 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: Preparing For Trend Reversal
CHFJPY formed a huge h&s pattern on a daily chart.
Though its left shoulder looks a bit weird, the pattern is valid from a price action perspective.
The price is now stuck on the horizontal neckline.
The trigger that we are waiting for is its bearish breakout (daily candle close below),
then a strong bearish wave will be expected.
Potential goal - 114.0
LONG This is clearly the kind of market we need to wait to see what happens before trading.
We can clearly see a very strong bullish pattern as the ascending triangle, but also a big bearish pattern as the shoulder-head-shoulder pattern.
I would wait for comfirmation, if it tastes the support and we see price rejection, it will go long, if it breaks the support it will probably go down.
LONG:
- Ascending triangle
- Trend is bullish since 2020
- It is almost at the trendline
- Stochastic looks like it wants to go up
SHORT:
- Shoulder-Head-Shoulder
I would wait for comfirmation, but I'm expecting it to go LONG.
Analysis on CHFJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its Resistance and started to fall and has now touched its Trendline support.
Let us know your views on this in the comment section. Thank you all.
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