Chf-jpy
CHFJPY @ Supply zone with H&S on 15min chartGood swing trade opportunity with 3:1 RR
- Price channel breakout (after main 5thouchs)
- 4h reversal candle
- Head & Shoulders on 15min & 1hour chart
- RR : 3:1
- Supporting indicator RSI is down.
- The main event yesterday was FOMC & Fed interest rate announcement (remained @ 2.50).
Patience and discipline is good
- Lockup profit at 111.07ch, take it at 110.17ch
- Keep calm and focus on the process
Yen repatriation flowsOn the technicals it is a simple AB=CD leg in play to the downside, a break of 110.4 will open up the remainder of the move.
For the macro side we have seasonality flows going on. Fiscal year end repatriation moves back to Yen, we are right on time for a mid-march kickoff... something those from the forex channel will know we have been tracking for some time.
Good luck
CHFJPY Confined in A Weekly wedge. Awaits breakout Momentum!The blue lines represents the support and resistance levels drawn from the monthly charts. If the price breakouts of the triangle in either direction the support or resistance levels next to them needs to be broken decisively in order for the technical aspects to be in our favour of the trade.
shall there be any updates i will post them in a new thread. this just represents my outlook and analysis on this pair. if the technical aspects of this trade meets, i will post the entry and exit details in a new thread. cheers
Extreme trader sentiment points to possible CHFJPY uptrendSignal ID: 64383
Time Issued: Wednesday, 20 March 2019 00:01:15 GMT
Status: open
Entry: 111.434 - 111.684
Limit: N/A
Stop Loss: 111.059
The Trend Follower Strategy has just bought CHFJPY at 111.559. The system recommends entering this trade at any price between 111.434 and 111.684. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.622. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.5, so the stop loss has been set at 111.059. 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.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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CHF/JPY: The pair could be topping (Trading plan)hi guys,
the pair could be topping since it's currently on a resistance fib line + volumes suggests a potential drop.
The trading plan is to sell @ market and put a SL around 10 pips above the resistance fib level. The target is shown as well (around 110.70-ish).
Happy trading! And drop me a line or a like if you appreciate my ideas :-)
Jesse
CHFJPY Approaching Resistance, Prepare For A Reversal CHFJPY is approaching its resistance at 111.11 (61.8% Fibonacci extension, horizontal overlap resistance, 50% Fibonacci retracement) where it is expected to reverse down to its support at 111.47(50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY appears oversoldThe Congestion Opportunities Strategy has just bought CHFJPY at 109.948. The system recommends entering this trade at any price between 109.82 and 110.075. The signal was issued because the 28-hour Relative Strength Index indicates that the CHFJPY may be oversold, while the Speculative Sentiment Index reading of 1.273 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.51, so the stop loss has been set at 109.438. 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.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
\Signal ID: 64205
Time Issued: Friday, 08 March 2019 06:00:16 GMT
Status: open
Entry: 109.82 - 110.075
Limit: N/A
Stop Loss: 109.438
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CHFJPY Potential Buy Setup on H4The Swiss franc vs Japanese yen pair seems to find support at the lower boundary of a rising channel, a horizontal support and a trendline pullback around the 111.15 level.
Recently, the pair respected a longer-term rising trendline and picked up its underlying uptrend.