Chfjpyforecast
CHFJPY [Weekly Directional Analysis]Simple Analysis on CHFJPY:
Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.
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CHFJPY long trade on pullbackHello traders,
We have had a nice short trade earlier on this pair and now after the pullback we have spotted a nice bullish engulfing candle which suggests that we should see further upside movements. I have gone long on this and marked the entry point, sl and tp for you as well.
Ultimately I think it should make a double top before deciding further direction.
Let me know what you think.
Trade safe and good luck.
CHFJPY short for 120 pips.Nice setup this. After a decent push up we are expecting some retracement if not a complete reversal. CHF weakness should also help the cause. Price action is at a major level and we have seen bearish engulfing candle printed on the 4h chart.
I have gone short on this and marked tp and sl for you as well.
Trade safe and good luck.
CHFJPY H4 LONG PRICE ACTION FORECASTWith Swiss Franc showing some fatigue after the bullish rally, a buy-limit order right at the key support level from D1 could bring an excellent opportunity for a long trade with the used R:R | 1:2.
With an E/P right at the support level happening accompanying with the 18 EMA as a bounce strategy, S/L for 50 pips with a T/P setting in the next supply zone.
In the realm of D1, price action shows a clear bullish bias, where even the lighter EMA 18 & 50 are about to form a golden-cross as a confirmation of the uptrend continuation.
CHFJPY--Bigger Chat market View--Potential Sell MoveHy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.this is not signal. it's my opinion. trade you own risk.
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chfjpy trade setupthere is both ascendinf triangle on 4h chart and a bullish butterfly on daily chart. daily closing is important. blue box is the descendind triangle target. I will update the chart (butterfly tp) if it reaches the prz zone.first I open the short position first , the if it reach the blue lines I will look for a long position
CHFJPY technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 CHFJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect bulish market, expecting to see push up in price till supp zone.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
CHFJPY technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 CHFJPY technicaly based idea, we can see price is bounce from up trend line, candels foramtion is good bearish, technicaly indicators showing we can expect higher push down in price, expecting to see push down in price till bottom trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
CHFJPY technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 CHFJPY technicaly based idea, we can see price is bounce on border of support trend line and from FIBO 0.61 which is in many cases strong support, based on candels formation DOJI (bofore current) and current BEARISH ENGULFING, expecting to see higher bearish market continuation till trend line (white line).
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!