CHF/JPY BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a conformation!
CHF/JPY: Daytrade-Preparation
Market-Buy: 116,450
Stop-Loss: 116,190
Point Of Risk-Reduction: 116,720
Take-Profit: 117,025
Stop-Loss: 26 pips
Risk: 0,5% -1%
Risk-Reward: 2,22
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Peace and good trades
Irasor
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Chfjpyidea
CHFJPY SHORTCHF/JPY recently failed to break its yearly high and has subsequently treaded lower. The failure to breach fresh yearly highs on the most recent upswing likely injected bearish undertones that may see prices fall back to an inflection area between 108.0 and 105.0 before making a renewed push higher.
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
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
CHFJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 43 - 19 Oct
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. Hence we can expect a drop.
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 reversed again to the downside.
D > We saw an M formation and price moved up to test the neck and complete formation. We expected price to drop but it continued to rise up and faced rejection at daily supply zone.
As per COT CHF saw closure of few Long and addition of Short positions, reducing net positions whereas N-R saw addition of both Long and Short positions increasing cumulative net positions. SXY further improved its position during the said week. However SXY weakened last week. JPY saw addition of few Long but more Short positions reducing net positions further. JXY lost its position for the said week but ended with a Doji. However JXY improved its position last week but again ended with a Doji.
4H > After drop price is stuck at demand zone it created during its last bullish move. We expect a break to the down side to test weekly demand zone. However we also have an upward support trend-line to consider where price can reverse.
Pair Correlation > CHFJPY has positive correlation with EURUSD and EURJPY and negative correlation with 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
CHFJPY FORECAST UPDATEPrice is making a correction in lower time frame from the rising wedge pattern, i will be taking short trade in this pair.
Could have taken the trade early in the pattern with great RR but NEVER FOMO ( FEAR OF MISSING OUT ) because there is much more opportunity i can take later on.
* The risk to reward shadow is just an estimate *
CHFJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHFJPY Roadmapcurrently, we are seeing price testing the key support level and I will wait for how the price will react to this level. our upside target is the 115.34 resistance level and the downside target is the 113.06 support level.
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHF/JPY TRADE IDEA Hey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Market-Buy: 116,600
Stop-Loss: 116,265
Target 1: 116,920
Target 2: 117,090
Target 3: 117,340
Stop-Loss: 34 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
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. :-)
CHFJPY - sell biasedHi all traders,
For CHFJPY , we can see that it has broken the trend line, im looking for more sell biased this pair.
Any buy will only happen if it break higher. But for now, i will only be sell biased for this pair till we see a momentum change.
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**Disclaimer: All trade ideas are of my own personal view. It's not a financial advice. Thanks!**
Cheers everyone!
CHF/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we need to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Note: Aggressive management as market is still choppy!
Sell-Limit: 117,330
Stop-Loss: 117,710
Target 1: 117,015
Target 2: 116,780
Target 3: 116,470
Stop-Loss: 38 pips
Risk: 0,5% - 1%
Risk-Reward: 2,31
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. :-)