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Chf-jpy

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
CHFJPY finishing head and shoulders, going short CHFJPY is in the middle of finishing the right shoulder of a head and shoulders pattern meaning the pair is going to fall. The pair has also just broke below a rising channel and retested it making the upcoming downtrend even more obvious. On top of that on a daily perspective we can see that not only is the pair completing a very common pattern of fall, retracement, and more fall, but the pair has also just retested a supply zone and is now dropping out of it making it even more clear that this pair is going to drop. Entry @ 113.816 SL @ 114.071 TP @ 113.358
Short
by rahiljavid
1
CHFJPY on the break of the channel 🦐The market after a run inside a channel has broke below the Ema 21 and currently it retracing till the 0.382 fib level to test the 4h structure. If the market will give us sign of inversion we can look for a nice short order according with our 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
2