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Chfjpylong

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
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. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex