💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (115.67).
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 37.
Take Profits:
TP1= @ 115.01
TP2= @ 114.60
TP3= @ 114.05
TP4= @ 113.25
TP5= @ 111.97
SL: Break Above R2
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Chf-jpy
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (115.67).
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 37.
Take Profits:
TP1= @ 115.01
TP2= @ 114.60
TP3= @ 114.05
TP4= @ 113.25
TP5= @ 111.97
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 | THIS ONE COULD BE PROFITABLE IF PLAYED RIGHTPLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3
Hello Forex Trading Lions! PLEASE ENJOY THE FREE IDEA!
Right so we entered this trade before with our members, it reached some of our take profit levels, however it never went past more.
Currently pulling back sharply due to the USD strength the safe-haven currency such as the CHF is going down, if it breaks the 4 hourly uptrend, gives a pullback and a bearish engulfing candle we could see this as a selling opportunity, vise versa if we see nice respect off the moving averages towards the top, bullish engulfing candle then we could see this trade running a little more towards the upside
Follow & Check Out My Profile! PEACE <3
CHFJPY LONG - STILL VALID - ARE YOU IN?CHFJPY Trade idea using our strategy tool, entry still valid, even from a technical side of things, higher high made. Time to go? Let's see...
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
CHFJPY - ShortPrice has entered a previous support level at around 115.40. The price did break above the 200 EMA however, after reaching the previous support level, this pair has struggled to produce bullish momentum and is consolidating.
I will be looking to see if the price will turn bearish here, given that there has been a lack of bullish momentum and price has been consolidating.
Before I take a short position I will wait until the price has broken below the 200 EMA in case the price finds some support at this level and finds some bullish momentum.
My target for this short would be around the trend line at 114.65.
CHFJPY: Good Short Opportunity
CHFJPY reached a strong horizontal daily structure yesterday.
the price started to consolidate and coil within a horizontal trading range on hours once it reached the above mentioned key level.
just recently the pair has broken below its support.
the breakout is considered to be confirmed now.
now I expect a bearish continuation to 115.15
CHFJPY - sell now validCHFJPY- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
CHFJPY LONG / A strong 5 to 1 reward over riskThis one looks like an easy one...
A nice trendline leading right to the 30% of the recent low to high Fibonacci retracement gives us a very strong reward over risk of almost 5 at TP1... and at TP2 its just.... wow! :)
Anyhow, the trade we are taking here is pretty simple, a 4H retracement setup where both TPs line up with supply/demand zomes and could work as a magnet to attract the buyers.
Nothing else to add, the fact that price has come here slowly (to the 30% of the fib) means we could have a strong push up soon!
Thats all folks, happy trading!
CHFJPY at the top of a weekly channel 🦐CHFJPY on the weekly chart (right) reached the top of the channel.
Market is consolidating between 2 structures around the 115.500 and 117.500 areas.
On the daily chart, price is respecting a descending trendline.
IF the price will break above the trendline and break above the weekly structure we can set a nice long order according to our strategy.
IF the price instead will break below the support structure we can set a short order.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
CHFJPY: Update & Short Trade Explained
finally, a short trade is active on CHFJPY.
the analysis is based on the video that I posted earlier last week.
the market successfully broke minor support of a double top formation and during this night it was retested.
now bearish movement will be highly probable.
first goal - 115.45
start protecting your position from 115.9 level with stop to breakeven.
CHF/JPY ??Hi dear traders
Here with this pair i made a fibo in weekly TF and a channel in daily TF and there is a common point which we can thing on it as a target.
I think if the candle close up 117.300 it will be a great confirmation to reach the target which is 119.00
I will take a buy position when the price breakup 117.300.
Good luck .