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Chfjpylong

CHFJPY Multi-timeframe Analysis & Trade IdeaHello everyone, if you like the idea, do not forget to support with a like and follow. We can see on the COT - Commitment of Traders, which is what Hedge funds and the non commercials so the biggest in the market are doing. Where we can see that CHF's net positions have been decreasing, where we went from having positive 9,678 net positions to down to minus -17,584 we can see that in CHF is weak, but JPY is weaker from minus -55,190 to minus -102,734, where there has been a lot of shorts being added, we can see that JPY is weaker, hence we are looking for a SELL to BUY trade. We also have a W formation on the Monthly & Weekly where we have 2 sets of trades as seen below. We are looking into a neckline retracement before the move to the upside. Sell is from the M pattern entry on the daily and the correction Buy on the Monthly & Weekly. All entries are on the break and retest of the structure. Trade Signals SELL 1 Entry: 124.338 Take Profit: 119.850 Stop Loss: 124.808 SELL 2 Entry: 124.338 Take Profit: 121.194 Stop Loss: 124.808 BUY 1 (Weekly W Pattern - Neckline reversal) Entry: 119.861 Take Profit: 127.331 Stop Loss: 118.564 BUY 2 (Monthly W Pattern - Neckline reversal) Entry: 121.193 Take Profit: 127.087 Stop Loss: 119.458 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
by fx_shifter
UPDATE: CHFJPY Multi-timeframe Analysis & Trade IdeaHello everyone, if you like the idea, do not forget to support with a like and follow. We still have a W formation on the Monthly & Weekly where we have 2 sets of trades as seen below. We are looking into a neckline retracement before the move to the upside. We are also looking for a sell reentry before the reversal on the Monthly or Weekly long. BUY 1 (Weekly W Pattern - Neckline reversal) Entry: 119.861 Take Profit: 127.331 Stop Loss: 118.564 BUY 2 (Monthly W Pattern - Neckline reversal) Entry: 121.193 Take Profit: 127.087 Stop Loss: 119.458 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
Long
by fx_shifter
CHFJPY Trend Analysis OANDA:CHFJPY Bullish Indications Bullish piercing candle at Major 1D Support area at 122.566, Pair has been retraced to 0.382 Fib level on 4H. Bullish Divergence is seen on 1H RSI(14). This pair has been bullish 80% of the time in month of December for last 15 years. Daily timeframe shows bearish trend, which has been supported from current price level. I am long biased. However, two plans are given for either direction. Plan A Buy at 122.743 with Stop loss 122.397, Target 1 = 123.186, Target 2 = 123.457, R/R ratio 1.3 Plan B Sell if closed below 122.566, Stop Loss 123.045, Target 1 = 121.567, Target 2 = 120.568 Please comment below for any suggestion, follow and support if you like the idea. Thanks and Good luck for trade
Long
by yousufrz
Hope u took the short, CHFJPYThe swiss yen broke down farther after breaking the channel and testing the bottom of the channel, we expect to see more downside this week. But the white line(200ma) serves as a strong support. If you're in a short take some profits at around there and re-enter again at a better price. BEAR CASE Price to go farther down to ~122.9, there we can see some support. Our ultimate target is ~122 BULL CASE We expect price to test at least 122.9 but the support can be stronger than expected, do not be surprised if we bounce to 125 from there before another big leg down.
Short
by IkanBilisCapital
Bearish signal on the weekly but big move may come lateThe weekly candle on the swiss yen gave us a potential bearish signal. We expect price to continue to consolidate to the upside before giving us a big drop to the downside. BULL CASE Price moves to the top of the channel before dropping down farther. The price we're looking at is 126 but it may breakdown midway due to the uncertain nature in this zone. BEAR CASE This is unlikely but price may just collapse from here. If it does break structure our price target is 122. Remember not to fomo in and control your risk if it happens.
Long
by IkanBilisCapital
128 before stronger correctionWe're wrong about this pair this week, the strong bullish conviction shown at the 123.5 level is information that we cannot ignore, there should be more upside coming for this pair but we think price action will be choppy. BULL CASE The structure should be complete once price corrects to near the 124.0 levels and after that we are targeting 128 where a stronger resistance will be met. BEAR CASE Do not be surprised if we get a stronger correction before the upside comes, it is possible but unlikely that price retest 123 before the bull case is fulfilled.
Long
by IkanBilisCapital
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone! I am looking at a support zone entry for this pair. CHFJPY BUY LIMIT @ 123.300 Stop Loss: 123.255 (Add Spread) TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In) TP 2 (3R): 123.432 (20%) TP 3 (5R): 123.520 (20%) TP 4 (10R): 123.741 (20%) Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
Long
by lakishnarayan