CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support where we might see a corrresponding bounce in price to our first resistance level. Stochastic is approaching support as well.
Chf-jpy
Clear sell on CHFJPY lets go short! Right now the price of FOREXCOM: CHFJPY is at a good sales level, 109.133 this level started to form with a strong rejection on May 6th, the price has had its ups and downs, and is consolidating in H1, right now as we have a loss of bullish momentum with three touches in the sales level, indicating the rejection of the rise, we see a good posible sell.
We expect a bearish rally at least until our next level 108.415 we validate that with the fact that it is most likely that the price will look for the level of the moving average in 200 periods. We put our stop loss at 109.212, which I see difficult to touch, since we have a good rejection to the rise, and a trend line that is also rejected, marked in H4.
Stay tuned to the movements of the price of this pair, since we are in minimum levels of the price in weekly chart.
Happy profits, use risk management!
CHFJPY inverse H&SPrevious trade failed, some bad luck because of the trade war news past weekend, during Monday morning opening this one gaped below the support zone. At the moment it looks like it is trying to make an inverse H&S. The right shoulder is in the making, but it's still a bit small. So we could see it get extended a bit coming day or so. If it keeps it's shape and moves towards the neckline again, we could see it trigger a rally when the neckline breaks. Also a chance to see it close that gap as well.
Previous analysis:
Don't miss the great buy opportunity in CHFJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.87). 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 41.
Take Profits:
TP1= @ 108.55
TP2= @ 109.10
TP3= @ 109.75
SL= @ 107.50
Don't miss the great buy opportunity in CHFJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (107.87). 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 41.
Take Profits:
TP1= @ 108.55
TP2= @ 109.10
TP3= @ 109.75
SL= @ 107.50
CHFJPY BuyCHFJPY buy set up -
Market approaching 4hr support and also 4hr trend line. Looking at a buy from support to resistance trend line. However there's not much confirmation or not many reversals on support trend line so the market does have potential to break. But the support could help it out and start building the trend line up. If market breaks then next zone is daily.
CHFJPY Support buying at Wedge supportLooks like there is some support buying here at the current prices. When zooming out we are also in a support zone as well. The wedge in the middle also shows potential. The wedge of course is not great, since it moved back in slightly. But because of those yellow zones on the right, i think there is good potential for this one. So assuming this theory is real, we should not drop below that green in the middle
Previous analysis:
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 109.817. The system recommends entering this trade at any price between 109.679 and 109.954. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.536, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.11, so the stop loss has been set at 110.367. 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.
Signal ID: 65170
Time Issued: Thursday, 25 April 2019 02:00:17 GMT
Status: open
Entry: 109.679 - 109.954
Limit: N/A
Stop Loss: 110.043
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Short on CHFJPY1. Looking to short on the pullback
2. It just breached the 5m range.
3. Waiting for a pull back to get into the short
CHF/JPY ready to go higherEver since we hit weekly support level, we saw price price consolidate and now it seems to me that major uptrend is on the way!
CHFJPY: High buy volume confirms move upwardGreat position to repeat structure. High volume confirms the buy move.
CHFJPY broken trendlinewe have weekly descending trend line
broken ascending trend line,
resistance zone
price reversed from a weekly descending trend line and it broke out of an ascending one as well as a support zone
price retested the resistance zone and it broke out of a daily bearish correction
CHF/JPY SHORT AND BEAR PLAY The market currently broke out of an ascending triangle after forming a Head & Shoulder driving market to break the trendline. The market had its first Impulse move with the break of the trendline and currently just concluded its exhaustion as the second impulse move is creeping in to start the big bearish move. JPY is on a ride and gaining against major, minors and exotics.
CHFJPY Long Trade *TREND CONTINUATION & FIBONACCI*Simple trend continuation trade on CHFJPY.
Higher lows and bullish trendline with price now rejecting the Fibonacci 0.618 retracement level and TL.
Higher lows showing bullish momentum is still present so there is potential for CHFJPY to now break the resistance level at 112.00 and make a new higher high.
Stop Loss is at 30 pips to leave it below the 0.786
Bearish Opportunity on CHFJPY. Deep Crab Harmonic.Bearish Deep Crab on CHFJPY today gives an opportunity to ride a short position to the median line, granted we get an appropriate entry signal.
I'm going to be looking for price to break below VWAP with increased bearish volume. I use a couple of other indicators as well, as I'm sure you do too.
Price has good chance of retesting median line of pitchfork (in red oval) drawn off of a harmonic, in this way.
Wait for your entry signals!
CHFJPY Double Top at 111.95 Within Symmetrical TriangleOn Swiss Yen we can see a clear double top rejection at the 111.95 level after price did a fake break of the descending resistance level.
First target is based at the .382 fib retracement, but I expect price to push down further after a retest of 111.7 structure level.
