Chf-jpy
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
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 .
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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.
Don't miss the great sell opportunity in CHFJPYTrading 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45
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 (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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45
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 ❤️
CHFJPY Price is retesting R2 in our bearish zone This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CHF/JPY: GOOD VIBESHello traders!
As you can see from the chart above there are good chances to go long successfully on CHF/ JPY. The reasons are easy to understand.
First of all, RSI 14 does not look overbought.
Secondly, MACD line is crossing SIGNAL line starting a bullish momentum. Furthermore, Bearish Momentum is getting weaker and weaker, as suggested by the red histograms.
TARGET can be set in proximity of the 2nd Fibonacci Levels, drawn thanks to FIBONACCI EXTENSIONS TOOL. Please, notice that the 50 FIBONACCI LEVEL coincides with the RESISTANCE.
Then, I suggest to wait and look for a confirmation candle in order to understand whether go long or short. WATCH OUT FOR FALSE BREAKOUT!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
CHFJPY - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( CHFJPY )!
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1 HOUR
Bullish closure above trend turning area.
4 HOUR
Expecting a pump to 113.300, good long entries.
DAILY
Overall slowly dropping market about to turn!
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FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 112.610
SL @ 112.180
TP @ 113.290
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CHFJPY - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( CHFJPY )!
-
1 HOUR
Bullish price action after taking out 112.500!
4 HOUR
Expecting more bullish pa, prices trading above main sr now.
DAILY
Overall bullish after a small pullback, turning to normal trend again!
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FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 113.110
SL @ 112.550
TP @ 113.890
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CHF/JPY: LONG Hello traders!
MACD line just crossed above SIGNAL line -> beginning of a BULLISH UPTREND
RSI 14 is facing upwards -> does not look overbought yet
CHF/JPY price seems to be able to break the resistance line. My suggestion is to put the target price towards the second resistance.
Please, maintain proper position sizing and risk management!
Not a financial advise
Good trade!