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Chfjpylong

CHFJPY 116.83 - 0.67 % LONG IDEA * PRICE ACTION & CONTINUATIONHello everyone Here's a look at CHF / YEN from the 4H chart, hope your day is going great as we await the market open. Now the pair just had a beautiful impulse move with the bulls ranged in a bull flag possibly signalling continuation of this move broke below of structure as expected with every impulse there has to be a correction and this is where we are now. Now on this one we have two possible trigger areas aligning with structure which could both see a retest before continuation. 1. A strong RESISTANCE LEVEL now SUPPORT 2. Just below the 50% Fibonacci retracement to complete that W formation previously formed to be retested . This are area's to be monitoring price if you will be taking this one swing. TARGETS FIBONACCI EXT'S many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
1
CHFJPY - Day trade by Keltner Channel 12/8/2020Max risk: 2%. Commission: 4 JPY/trade Slippage: 2 ticks. Risk/reward: 1/1.23 Data backtest is maximum history bars of Premium account. ------------ I. How to determind a Uptrend. 1... Downtrend is confirmed when the close crossover the Keltner Upper 1. 2... Keltner Color count shows Uptrend II. How to determind a Downtrend. 1... Downtrend is confirmed when the close crossunder the Keltner Lower 1. 2... Keltner Color count shows Downtrend III. Entry is the close of candle cross the basis IV. How to calculate the Stoploss and Profit - Stop loss = close of Entry''s cande +- (atr(20)*2) - Profit = close of Entry''s cande +- "Use the link below to obtain access to this indicator" or "PM us to obtain access"
Long
by dinhchien
CHFJPY LONGI spotted a bullish 3 drive strike pattern, i'm expecting price to rise to the 115.350 area which is somewhere in between the 78% and the 61% on the fib retracement. Price is now at a pivot point, so I am now looking for a new long entry. If your trading this pair let me know what you think! Goodluck Btw I tried making the 3 drive strike pattern the exact distance as it is on babypips 1.272 is the distance between the two lows before the buy position. Feel free to leave any comments!
Long
by lobfxempire
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
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 114.604. The system recommends entering this trade at any price between 114.473 and 114.735. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.862, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.105, so the stop loss has been set at 114.08. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 74090 Time Issued: Tuesday, 24 November 2020 01:00:16 GMT Status: open Entry: 114.473 - 114.735 Limit: N/A Stop Loss: 114.080 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
CHFJPY LONG - Key H4 level is holding and a reversal is possiblePrice has been moving in a downtrend for the past few weeks and has tested the bearish trend line 3 times with strong rejections each time. However, price is starting to lose momentum in its down trend as price is failing to set new lows and we have just recently had a strong bullish reaction from a key H4 support level. Price has the possibility to reverse and give us a counter trend move and break through the bearish trendline and test the key level of resistance above it.
Long
by mikoaodu
CHFJPY - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( CHFJPY )! - 1 HOUR Bullish reaction after a bearish run. 4 HOUR Expecting futher bullish price action.. DAILY Overall strong waving market structure, good long entries! - FOREX SWING BUY CHFJPY ENTRY LEVEL @ 114.230 SL @ 113.810 TP @ 114.880 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
12