Chfjpylong
CHFJPY - Day trade by Keltner Channel 10/11/2020Max risk: 2%.
Data backtest is maximum history bars/premium account.
Commission 4usd/trade
Slippage: 2 ticks.
CHFJPY Short time sell Long time buyas we can guys, currently price at the correction phase and going to form descending channel, if price keep going down it will form a double bottom the probability for buy will be higher.
CHFJPY LONGCHFJPY has reached key daily structure.
In case of breakout of the trend line and complete double bottom formation our buy limit will be placed.
TP1 - 114.843
TP2 - 115.238
chfjpy long1h time frame:
RD+, regular divergence
end of 5th wave
breaking Elliot channel
fibonacci cluster in price.
tp and stop loss as shown on chart.
CHFJPY Longi think its a good trade because the strong support zone and good divergence. trade it on your own risk. im just a newbie trying to learn trading, dont believe my analysis blindly.
CHFJPY Could Take A Bounce From Here...CHFJPY is currently at a critical support level @114.37 price level. This strong support level managed to hold price level for CHFJPY and I will be looking our for a short retest before any form of BEARISH continuation. From a Bollinger Band point of view, we could see a middle band retest for now before any big BEARISH movement. Ichimoku Cloud is showing a similar outlook with price level moving to the downside but similarly I will potentially a build up before a potential fall. As of now, I am BULLISH for this pair for a short term trade. Will update again for further movements.
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CHF/JPY Wave Analysis
After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
It is now at a strong price action support zone and at the final stage of wave A.
Hence, we expect the pair to be bullish in the near-term.
CHF/JPY LONG 4H CHF/Jpy is in uptrend and this channel save that in uptrend .price is to close of bottom of channel and i think this is good chance for long position.
reward/risk : 4
stop loss : 115.170 less than 50 pips
tp 1 : 116.440 more than 80 pips
tp 2 : 117.000 more than 200 pips
wait for first confirm candle on this zone and then open your position
GOOD LUCK
CHF/JPY BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
CHF/JPY: Daytrade-Preparation
Market-Buy-Order: 115,630
Stop-Loss: 115,290
Target 1: 115,970
Target 2: 116,200
Target 3: 116,445
Target for One-Target-Trader: 116,200
Stop-Loss: 34 pips
Risk: 0,5% - 1%
Risk-Reward: 2,34
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Forex Trading for Beginners, Chfjpy Analysis Monitor price action at the zone, wait for confirmation and bullish setup.
CHFJPY LONG- Potiential new level of support
- Creating a higher low
- 20 EMA moving close to price (moving support).
This will be a pending order depending on how the
market wants to move.
I won't be entering this trade until I see some bullish confirmation.
CHFJPY FORECAST UPDATEPrice breaks from support but turns out to be a fake out, i took a trade in USDCHF going short instead.
*Thumbs up for money management and for knowing pair divergence*
HAVE A GREAT WEEKEND EVERYONE
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 - Trend FriendSeveral people will be seeing wick rejections and start thinking this is it, lets buy immediately. The market knows better and will most likely come down to grab liquidity before moving off into our desired direction. I have marked a potential area of interest where you can look to buy, if we get a buy setup at all in these mad markets!
Definitely a good pair to add to the watchlist.
COT Data - 84% Short
