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Chf-jpy

CHFJPY Mid-Term Bullish ViewTF: 8 HR CHFJPY looks like it may have a nice up trend in the coming weeks. Some reasoning behind my view: 1. Price is currently forming and trading within a in a bullish descending wedge/megaphone pattern on the 8 HR time frame. 2. Along with this descending pattern, a inverted H and S pattern seems to be forming with it currently forming the right shoulder to potentially complete the pattern. 3. Bullish divergence can be seen on both the stochastic and RSI I am planning to start opening small positions and build into a larger one once the price breaks the descending pattern and confirms. I am looking to build into this over the next few weeks.
Long
by MC_Mike_Trading
Don't miss the great buy opportunity in CHFJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (109.7). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 111.00 TP2= @ 111.50 TP3= @ 112.40 SL= Break below S2
Long
by ForecastCity
24
Don't miss the great buy opportunity in CHFJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (109.7). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 111.00 TP2= @ 111.50 TP3= @ 112.40 SL= Break below S2
Long
by ForecastCity
26
Long movement on CHFJPY by ThinkingAntsOkUse this as a guide to develop your view of the situation: Main items we can see on the 4HS chart a) The price was on an ascending channel b) After that, a Huge correction came c) Currently, we are making an analysis inside the Huge Correction d) We can see a Descending trendline inside the huge correction that has been broken e) Now we can see a Throw-back, and we expect a bullish movement towards the 4HS Target f) Our Bullish Target is 114.00
by ThinkingAntsOk
2
CHFJPY technically based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 CHFJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect bulish market, expecting to see push up in price till supp zone. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
by UnknownUnicorn3983388