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Chf-jpy

Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 114.932. The system recommends entering this trade at any price between 114.762 and 115.102. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.603, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.136, so the stop loss has been set at 115.614. This stop loss order is a trailing stop that will move down as the market moves down. 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: 72723 Time Issued: Thursday, 30 July 2020 08:00:04 GMT Status: open Entry: 114.762 - 115.102 Limit: N/A Stop Loss: 115.614 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.
Short
by FXCM
1
CHFJPY: Still Bullish! How to Catch the Wave??? CHFJPY is retesting a key daily structure. the price has been rejected from that level first and then formed a dodji candle. on 4H the price is consolidating within a bearish flag pattern formation. now the price is trading within a 4H structure support zone matching with a daily level and fib.confluence of the last two bullish legs. to catch the next bullish wave we must wait for a bullish violation of the flag (4H candle close above its resistance) then we can buy on retest or aggressively. initial goal will be: 115.24 stop below the last low within the flag. in case of a bearish violation of 4H yellow structure area, setup will be invalid.
Long
by VasilyTrader
13
CHF/JPY setup ideaDaily CHF/JPY analysis shows that bullish trend reached a zone of resistance and started oscillating round this zone. Furthermore, 4H analysis is showing price to be consolidating as well around this key level, and now following a bearish channel currently reaching the upper part of this channel. Volume and momentum seem to also be diminishing as price reaches channels resistance. Breakout probabilities are still a factor to consider as the market has not shown any clear signal. Nevertheless is still quite a setup to keep an eye on.
by Daniel_Sanchez_3
CHFJPY Technical Analysis UpdateTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (114.3). 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 36. Take Profits: TP1= @ 113.85 TP2= @ 113.10 TP3= @ 112.40 TP4= @ 111.80 TP5= @ 110.45 Trade Setup: We opened 5 SELL trade(s) @ 114.07 based on 'Peak' at 14.07.2020: Total Profit: 286 pip Closed trade(s): 22 pip Profit Open trade(s): 264 pip Profit Closed Profit: TP1 @ 113.85 touched at 07.15.2020 with 22 pip Profit. Open Profit: Profit for one trade is 114.07(open price) - 113.41(current price) = 66 pip 4 trade(s) still open, therefore total profit for open trade(s) is 66 x 4 = 264 pip 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
16
CHFJPY Technical Analysis UpdateTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (114.3). 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 36. Take Profits: TP1= @ 113.85 TP2= @ 113.10 TP3= @ 112.40 TP4= @ 111.80 TP5= @ 110.45 Trade Setup: We opened 5 SELL trade(s) @ 114.07 based on 'Peak' at 14.07.2020: Total Profit: 286 pip Closed trade(s): 22 pip Profit Open trade(s): 264 pip Profit Closed Profit: TP1 @ 113.85 touched at 07.15.2020 with 22 pip Profit. Open Profit: Profit for one trade is 114.07(open price) - 113.41(current price) = 66 pip 4 trade(s) still open, therefore total profit for open trade(s) is 66 x 4 = 264 pip 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14