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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