CHFJPY - SETUP - WEEKLY CONTINUATION - 19 JUNEWELCOME TO DACAPITAL TRADING!!
EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bearish movement below previous week low
DAILY
112.000 DKL Taken out with a instant downside reaction
WEEKLY
Market very sideways in weekly finally trying to push out
LEVELS
SHORT @ 110.505
SL @ 110.939
TP1 @ 110.082
TP2 @ 109.865
TP3 @ 109.654
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
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Chf-jpy
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 110.75 (horizontal overalp support, 100% fibonacci extension, 50% fibonacci retracement, elliot wave structure). A strong bounce might occur above this level pushing price up to our major resistance at 111.62 (horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY breaking out of its ascending channel!CHFJPY is breaking out of its ascending channel where if it breaks past its first support at 111.42 (horizontal overlap resistance, it could confirm a move down to its next support at 110.82 (38.2% Fibonacci retracement, horizontal swing low support).
RSI (34) is also breaking out of its ascending line which contributes to our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY - SETUP - WEEKLY CONTINUATION - 4 JUNEWELCOME TO DACAPITAL TRADING!!
EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong price action above previous week resistance
DAILY
Explosive daily price movement, very strong buyers pressure
WEEKLY
Forming new weekly highs, following mid term trend after taking out 108.500 Key Level
LEVELS
Long @ 111.193
SL @ 110.843
TP1 @ 111.556
TP2 @ 111.744
TP3 @ 111.917
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
Where I want to buy CHFJPYI'll be looking to buy this pair, if price enters the 108.8 area. Once price does this, I will be looking for bull candles on the daily time frame. If I get a bull candle on the daily time frame, then I'll be place buy limit orders at previous levels on the 1H in an attempt to make entry on a pull back.
CHFJPY is approaching resistance, potential drop! CHFJPY is approaching our first resistance at 109.69 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) and price might potentially drop to our major support at 108.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI is also approaching our major resistance and a reaction off this level 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.
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 110.70 (horizontal swing high resistance, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
Stochastic (89,5,3) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY potential for a nice bounce!CHFJPY bounced perfectly to reach our resistance target yesterday. We now see another potential bounce coming above 110.07 support (Fibonacci retracement, Fibonacci extension, bullish divergence, horizontal swing low support) which could push prices up to 110.75 resistance (Fibonacci retracement, horizontal swing high resistance) once again.
Stochastic (55,5,3) is seeing major support above 3.9% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signalling that a bounce could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY testing support, potential rise! CHFJPY is testing our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension, Elliot wave structure) where price might potentially rise to its first resistance at 110.67 (horizontal overlap resistance, 38.2% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY bounced off support, potential for further rise! CHFJPY bounce off our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, Elliot wave structure) where price might potentially rise to its first resistance at 110.66 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in price.
CHFJPY approaching support, watch for potential breakout! CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a bearish exit in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.