Chfjpyidea
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
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Peace and good trades
Irasor
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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 short trade idea (ROADMAP)a rising wedge pattern gives us a short market bias but we need more evidence before placing any sell order, wait for the price to breakout the support level 1!
**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 5 ConfirmationsGood day, snipers. In the previous week, CHF was the strongest among the currencies and I presume that this strong move will gradually dissipate. Here in the CHF/JPY, we can see that price recently visited this minor are of resistance. Also, a trend channel is present with the same angle where price bounces off which means that we are having lower lows and now at the resistance zone of the trend channel. Also price has rejected the 78.6 Fib level. Next are indicators. RSI shows clear signs of overbought levels on the 1H and MACD also shows a trailing movement above and has come to converge. I am just waiting for a better bearish candle close. I will send the perfect entry to my students.
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
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CHFJPY long trade ideaPlan: wait for the price to bounce off from trendline or 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 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