Potential CHFJPY SetupHere is my potential set up for the retracement to take place at the .618 fib for a retest at the new support zone on the 4hr timeframe.
Entry @ 115.675
SL @ 115.275
TP @ 117.675
Chfjpylong
(29.07.2020) CHFJPY has every chance to rise to the 115.650 area(07.29.2020) CHFJPY has every chance to rise to the 115.650 area. The seller is not able to stop the growing trend at the moment. A sharp exit from difficulties in the area of 114.600 speaks about it.
Possible bullish price movement for CHF/JPY💡Hello traders,
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CHF/JPY has been in uptrend for a while. Price has been inside this ascending channel since early May. Now price is approached support line of this channel and we believe price is going to go higher for new highs.
Let us know what you think about this idea.
Trade safe !
CHFJPY is about to make a big move up!Price is completing the retest of the break of a major support line on the D1 timeframe.
Right now price is showing strength on the H1 by breaking a triangle consolidation to the upside!
We also have a clear RSI divergence from the last 2 bottoms. :)
CHFJPY Bullish Potential....Up to 400pips target!!!CHFJPY has broke out its 114.45 resistance level which now turns into a rather important strong support level for CHFJPY. Looking at bollinger bands we can see it travelling down to the middle band which I believe will be the level of rejection as current price level is retesting the broken resistance level and could potentially give us a good movement to the upside. Next crucial level will be 118 price level resistance level which we have previously see several rejections at the level. Also, from a fibonacci extension point of view 161.8 fib level will be a level to watch. Therefore, there will be slight resistance pressure when we approach closer to 161.8 fib level and resistance level @118 price level. As of now, I see a good BULLISH trade opportunity.
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CHFJPY to 118.100 level. Long.Cup and handle pattern on CHFJPY. Broke major resistance which is the neckline for this pattern. Would buy the retest if it hold. Target is 118.100
CHFJPY Breakout possibility, 114.65 is the keyCHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
CHFJPY Head and shoulder Fractalsprice now at right shoulder earlier we have same fractals and setup and made decent 3% gain
waiting for this head and shoulder to play
CHF/JPY : Strong Sell Trade Setup after complete Pullback Sell From Top of the Structure.
we can see big drop in downside.
ThankYou
CHFJPY BROKE OUT OF WEDGEHello traders!
Markets were ranging whole previous week and because of that i haven’t posted any setups. CHFJPY finally broke out of descending wedge formation and we can expect a move to the upside to the top of formation.
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CHF/JPY : Strong Sell Trade Setup after complete Pullbackafter pullback confirmation can strong sell in downside.
ThankYoU
CHFJPY [1H] Wait hitting support and buy it 🔥🔥🔥CHFJPY Wait hitting support and buy it 🔥🔥🔥
Howto trade ??
* wait untill candle hitting support and no break buy it for next candle 1H
Resistance ▶▶ 114.0XX
Support ▶▶ 113.6XX
Cheer it 🙏🙏🙏🙏
Drop to 112 possible as long as resistance holdsSo far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHF/JPY possible bullish price movement💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
Let's take a look at CHF/JPY on 1H chart. We can see nice uptrend channel and we believe price will go up to test resistance line of this ascending channel.
Let us know what you think about this idea.
Trade safe !
CHFJPY TRADE IDEACHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
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.
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GWBFX
CHFJPY LONGFollowing the break of the previous ascending TL, we saw some short term bearish moves,
but failure to close below the 200MA
We have since had higher highs and lows created, forming a new uptrend.
Looking for a pullback and retest of trendline, 0.618 FIB and 50MA before going long
chfjpy bullishchfjpy is in bullish pennant pattern, the price making lower highs and higher lows. wait for breakout.
