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Chfjpyanalysis

CHFJPY Top-Down Analysis (Short then Long)Hello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market is moving in a well respected horizontal structure. It reached monthly resistance coinciding with structural resistance (last touch was in Sept 2018) and after rejection dropped till 0.5 Fib level on last monthly bullish impulse. Price is now moving to the upside to probably test structural resistance again. W > Price has been bullish for past 2 weeks and has tested weekly resistance. D > Price lost momentum while approaching weekly resistance also coinciding with daily supply zone, we can expect correction to the downside before price makes an attempt to test structural resistance again. It can drop till 116.1 to test the level as support. As per COT CHF closed Long and added few Short with strongly +ve net positions.. SXY has been gaining strength for past 3 weeks with a massive gain last week. We can expect some correction this week for SXY as strong bearish divergence can be seen. JPY again saw addition of major Long and some Short positions improving net positions to highest in this year. JXY however weakened during the said period and was indecisive last week ending in a Doji. We can expect strengthening of JPY this week. With expected correction for CHF and strengthening of JPY the pair can drop for correction. 4H > Currently price has lost momentum but continuing with HH and HL, we can see bearish divergence and price must make a LL to confirm corrective move. Pair Correlation > CHFJPY has positive correlation with EURJPY. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
CHF/JPY BUY SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. CHF/JPY: Daytrade-Execution Notice: Going to keep risk low as market could continue to be volatile like yesterday.. Market-Buy-Order: 114,600 Stop-Loss: 114,215 Target 1: 114,990 Target 2: 115,230 Target 3: 115,525 Stop-Loss: 39 pips Risk: 0,5% Risk-Reward: 2,40 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
1
CHFJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market reached monthly resistance which is also a major structural level (last touch was in Sept 2018) that has pushed price to the downside on each occasion and price is dropping as expected. W > Price dropped to complete W formation and continued further till demand zone coinciding with 0.5 Fib level on last monthly bullish impulse. Price reversed to move up till 0.618 Fib level on last weekly bearish impulse and dropped to the downside. D > Price has created an M formation on its way down, we can expect a reversal to the upside for it to test the neck and complete M formation. Price can drop till daily demand zone before reversing. As per COT CHF saw addition of Long and closure of Short, improving net positions further. SXY was strong during the said week but it lost steam last week. JPY saw closure of Long and major Short positions improving net positions however N-R added major Long and few Short positions, improving cumulative net positions. Commercials have added both Long and Short positions, bringing their Shirt positions to highest in current year, in effect increasing total open interest in JPY. JXY improved its position during the said week and further improved it last week. 4H > Price is currently moving in bearish trend creating LH and LL but loss of momentum can be seen. Price can continue to drop further down before reversing for bullish trend. Pair Correlation > CHFJPY has positive correlation with EURJPY, CADJPY nad EURUSD and EURJPY and negative correlation with USDCAD and USDCHF. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX