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Chf-jpy

CHFJPY | Has Broken Ichi Cloud ResistancePlease support this idea with LIKE if you find it useful. Initiate Long. Entry - 113.099 TP1 - 113.634 TP2 - 113.801 TP3 - 114.077 TP4 - 114.395 SL - 112.932 Reason: Price broke out the Ichi Cloud resistance and closed above R1. Currently facing 61.8% Fib resistance. We can initiate a long position on a breakout of 61.8% Fib. Please consider initiate a position on a confirmed breakout. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Long
by Anpu
2
Good bearish potential in CHFJPY ⬇️ CHFJPY sales zone in H1 It comes from a small cycle closure at the beginning of the bullish momentum, and after a sharp rise in the price, it reaches a level where the pair touches maximum resistance and professional disinterest, all accompanied by macd bearish divergences, and finally yields breaking the directive of support. Now it has been located below the daily pivot point just recalculated and the average of 100 periods. We are going to look for 61.8% as the final objective since it is highly probable that we will get there when there is a secret starting code, about 150 pips of travel, managing the trade along the way taking partials and moving stops. Ideal ticket: 114.30 / 113.70 Stop Loss: 123.25 Breakeven: 113.10
Short
by MarcR2
CHFJPY SHORTCHFJPY on the 12th of January, I had 2 ideas on CHFJPY, it gained momentum and broke up wards towards the key level i thought it would break by, 113.67 - 114.264 key level range so I closed my positions because the "M" pattern was broken Then on Wednesday or thursday of last week, I opened another short from 114 but closed because I was too close to my stop loss, had taken some losses on gold so i wanted to stop trading for the day and just wanted to focus on gold but now if i look at it It broke right where I predicted, so to add to my TA I believe we are still within the key level area 114.2 - 113.73, I will watch as the day open but could possibly open a short from here to 111.9 if it fails to break above this area, so I will watch this area and Try to catch a short to 113 or 112.6 based on a fib retracement from the top of the daily if chfjpy breaks above this level I think it could go higher towards 115.5 but I think a retracement will happen before then 112.5 first Tp DM TO JOIN MY TELEGRAM
Short
by wubsworld
CHF/JPY SHORT on M PatternMonthly: Bullish trend, over the last year it looks like a cup pattern which would be completed by a push to 113.670 Weekly: Bullish continuation from double bottom at 107.170 in september 2019, In the last few weeks we have area with a lot of movement between 112.5 and 111.3 in which we then broke above Daily: Watching 112.74 as peak resistance before a pullback, I see a M pattern on its third leg since the 19th of Dec, 2019, 112.74 marks the top of the last leg and 112.3 marks a area where M will be confirmed. 112.3 is a major key level because it will break below and confirm continuation of M pattern or pull back and push to 113.67
by wubsworld