Chf-jpy
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 114.08 (Horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 112.51 (Horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY - SWING - 12. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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1 HOUR
Strong bearish reaction from our bearish price channel entering long!
4 HOUR
Bearish pin candle, taking out buyers before pushing higher
DAILY
Bearish movement yesterday taking out 112.850
LEVELS
BUY CHFJPY @ 112.980
SL @ 112.620 (35 Pips)
TP @ 113.590 (60 Pips)
RR: 1.70, SWING Setup!
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CHFJPY 60 Cloud BreakoutMonthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout:
1. Have a break below the Cloud.
2. Have a TK cross
3. The Chikou is below price
4. The future Kumo is bearish
2 Potential entries for this trade:
First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round number support)
Entry = 112.98
Stop = 113.45
Risk = 47 pips
PT = 3xR = 141 pips = 111.57
Second: a Pullback to the 60 Kejun Sen at 113.31 (turquise line on chart) This entry while providing better risk/reward decreases the probability of success.
Entry: 113.31
Stop 113.45
Risk = 14 pips
PT = 10xR = 140 = 111.91
** The Blue line on the chart is the Daily Kejun Sen and represents a major Support/Resistance level
CHFJPY - INTRADAY - 07. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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1 HOUR
H1 Pullback towards 112.970 Pin and Support Level.
4 HOUR
Small Pullback and bearish reaction from 113.700!
DAILY
Very bullish market with several Highs formed, following this move.
LEVELS
BUY CHFJPY @ 112.260
SL @ 112.970 (30 Pips)
TP @ 113.640 (40 Pips)
RR: 1.30
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CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.97 (Horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 112.49 (horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
CHFJPY - SWING SETUP - 06. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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1 HOUR
Consideration now, price around previous H1 Highs and resistance zone!
4 HOUR
Expecting a bearish break below previous H4 Lows before heading up further!
DAILY
Bullish reaction towards previous Resistance zone!
LEVELS
SELL CHFJPY @ 113.080
SL @ 113.330 (25 Pips)
TP @ 112.300 (75 Pips)
RR: 3.00
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CHFJPY - SWING SETUP - 05. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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4 HOUR
Bullish reaction at previous support following this movement
DAILY
Bearish market with a bullish reaction now
WEEKLY
Finally at support, good long entrys now!
LEVELS
BUY ECHFJPY @ 112.680
SL @ 112.470 (20 Pips)
TP @ 113.190 (50 Pips)
RR: 2.42
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EURGBP Testing Support, Potential BounceEURGBP is testing its support at 0.8731 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8854 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is testing its support at 2.4% where a corresponding bounce could occur.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.97 (Horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur pushing price down to our major support at 112.22 (horizontal swing low support, 76.4% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.90 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.02 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 111.90 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.02 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.50 (horizontal pullback support, long term ascending support line, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.05 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement).
Stochastic (55,5,3) is seeing a bullish diveregence and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 112.872. The system recommends entering this trade at any price between 112.692 and 113.052. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.417, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.144, so the stop loss has been set at 113.593. 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: 59590
Time Issued: Wednesday, 24 October 2018 08:00:16 GMT
Status: open
Entry: 112.692 - 113.052
Limit: N/A
Stop Loss: 113.593
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EURGBP Approaching Resistance, Potential ReversalEURGBP is approaching its resistance at 0.8857 (100% Fibonacci extension , 38.2% & 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 0.8758 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (21, 5, 3) is approaching its resistance at 89% where a corresponding reversal could occur and there may be a bearish divergence with price.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.16 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 114.20 (horizontal pullback resistance).
Stochastic (55,5,3) is approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF Testing Resistance, Potential ReversalUSDCHF is testing resistance at 0.9955 (78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 0.9862 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98.6% where a corresponding reversal could occur.
EURUSD potential support seen at 1.1500/20The EURUSD currency pair has traded in a range between 1.1530/40 and 1.1600 levels since last Friday. This sideways action could be a flat being carved out and prices could possibly test 1.1500/20 levels before rallying further. Looking at the wave counts, it is quite clear that EURUSD is into a 3 wave correction since 1.1300 lows formed earlier. Within the 3 waves, it seems to be into the last Wave C, which could potentially rally deep into 1.2000/1.2200 levels going forward. Ideally prices should remain above 1.1432 levels (interim support), for the above wave structure to hold.
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CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.