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
Chf-jpy
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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CHFJPY a short move 🦐CHFJPY after the recent low at 116.200 bounces at the 0.5 Fibonacci level.
The market tested a resistance and now is moving above the 0.382 zone.
According to Plancton's strategy, If the price will break below, 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
EUR/AUD : Price Action Bearish channel, Price Keeps Falling ! 🔔Welcome back Traders, Investors, and Community!
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (117.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 116.60
TP2= @ 116.25
TP3= @ 115.71
TP4= @ 114.90
TP5= @ 113.75
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (117.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 116.60
TP2= @ 116.25
TP3= @ 115.71
TP4= @ 114.90
TP5= @ 113.75
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CHFJPY: Trading Bullish Accumulation
CHFJPY is currently trading within an ascending triangle formation.
118.0 level is its horizontal resistance.
To catch a bullish move, wait for an hourly breakout of the underlined level.
Then buy aggressively or on a retest.
Goals will be:
118.25
118.45
In case of a bearish violation of triangle's low, the setup will be invalid.
CHFJPY at the 0.5 Fibonacci 🦐CHFJPY on the 4h chart after the strong impulse retraced until the 0.5 fib level.
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 highs 🦐CHFJPY on the daily chart is moving inside a range between 2 main structures, below a stronger weekly resistance.
The market after the last impulse attempts to break above and retraced until the 0.5 Fibonacci level.
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 waiting for a range break 🦐CHFJPY on the daily chart is moving inside a range between 2 main structures, below a stringer weekly resistance.
The market after the last impulse attempts to break above and retraced until the 0.786 Fibonacci level.
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.
CHF/JPY up or down?🧙🏻♂️The pair has been ranging in a rectangular box since the beginning of December, 2020. If the price manages to break the upper boundary of the range, we will be looking to open LONG positions. Otherwise, if the price retraces the zone of resistance, we will be selling the pair till the lower boundary of the range🙌🏻
CHF/JPY Down to SupportThis has retraced to 0.5 Fibonacci, looking for this to now continue downwards to the support level. Need to wait for confirmation of this first as MACD and EMA's are on the bullish side, need to see MACD start dropping and EMA's to cross back over. TP is just below 0.382 Fib at 116.234.
CHFJPY a bounce at the 0.618? 🦐CHFJPY on the 4h chart after the rejection by the weekly resistance retraced until the 0.618 level over a support.
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.