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Chf-jpy

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.
Short
by francesgurton
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.
Short
by pow_removetheguesswork
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!
Long
by PrimedGroup
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.
by InkyGrip
10
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 116.873. The system recommends entering this trade at any price between 116.711 and 117.035. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -4.441, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.13, so the stop loss has been set at 116.226. 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. Signal ID: 73281 Time Issued: Thursday, 10 September 2020 17:00:17 GMT Status: open Entry: 116.711 - 117.035 Limit: N/A Stop Loss: 116.225 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 here. Past Performance is not an indicator of future results.
Long
by FXCM
2
CHFJPY a short move 🦐CHFJPY on the daily chart hit a very string resistance at 117.600 area and got rejected. Market reached the 0.5 fib level retracement and now retesting a daily resistance. Price is moving inside a discending channel and if the market will give us a new sign of inversion, we can set a nice short order according with PLancton's strategy. ––––– 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.
Short
by InkyGrip
11
CHFJPY on a 4h support 🦐CHFJPY on the weekly chart reached a very important level around the 118 area. On the daily chart we can see that market tested once the resistance level before getting rejected back around the 116 area. Currently on the 4h chart price is consolidating between 2 structure and we will wait for a possible break to set a nice 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.
by InkyGrip
6