"Short Top and Bottom Analysis: CHFJPY"4 Hour Chart Explanation:
- Price broke the Ascending Trendline.
- It is, currently on an Ascending Channel.
- Price bounced from the Resistance Zone.
- If price breaks the Ascending Channel at 108.73, it has potential to move down towards the Support Zone at 106.5.
Our Weekly and Daily Analysis support that Short Idea. Take a look!
Weekly Analysis:
Daily Analysis:
Chf-jpy
Possible trend shift in CHFJPY – going long BUY
109.885 - 110.125 Add to Watch List
Signal ID: 67051
Time Issued: Monday, 22 July 2019 13:00:16 GMT
Status: open
Entry: 109.885 - 110.125
Limit: N/A
Stop Loss: 109.526
The Tidal Shift Strategy has just bought CHFJPY at 110.005. The system recommends entering this trade at any price between 109.885 and 110.125. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.081, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.096, so the stop loss has been set at 109.526. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
"Short Trade Idea" CHF/JPY by ThinkingAntsOk 1 Hour Chart Explanation:
- Price bounced on the Resistance Zone and, then, broke the Ascending Trendline.
- It is currently on a Bearish Corrective Structure.
- If price breaks it, it has potential to move down towards the Fibo Levels.
Also, our 4H Vision supports a Short View too!
Updates coming soon!
CHFJPY Short Trade *WEEKLY FIB & BEARISH TL*CHFJPY has reached the weekly bearish TL for a 3rd touch. This aligns with the 0.618 fib retracement level at around 110.310
The 1hr bullish TL has been broken and price has retested and rejected it from below to form a lower high.
I am targeting the daily fib level around 109.00 to give an R:R of more than 5:1
CHFJPY Long Trade *Intraday Long*Intraday long trade set up on CHFJPY.
I am long from the lows at 108.300 and I am looking to buy on the intraday higher lows. Price has reached some resistance at this current level and I am predicting a little pullback down to the 1hr bullish trendline.
A higher low, rejection of the previous resistance and fib 0.618 level would be ideal for a scale in position.
Possible trend shift in CHFJPY – going short SELL
108.514 - 108.732 Add to Watch List
Signal ID: 66160
Time Issued: Monday, 17 June 2019 04:00:16 GMT
Status: open
Entry: 108.514 - 108.732
Limit: N/A
Stop Loss: 109.057
The Tidal Shift Strategy has just sold CHFJPY at 108.623. The system recommends entering this trade at any price between 108.514 and 108.732. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.525, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.087, so the stop loss has been set at 109.057. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Extreme trader sentiment points to possible CHFJPY downtrend SEL
108.909 - 109.145 Add to Watch List
Signal ID: 65954
Time Issued: Wednesday, 05 June 2019 19:00:15 GMT
Status: open
Entry: 108.909 - 109.145
Limit: N/A
Stop Loss: 109.498
The Trend Follower Strategy has just sold CHFJPY at 109.027. The system recommends entering this trade at any price between 108.909 and 109.145. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.629. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.471, so the stop loss has been set at 109.498. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.