CHFJPY Bullish Uptrend Movement!!!What we can see now for CHFJPY is a completion of a double bottom formation respecting the support level @113.05. This potentially gives us a bullish outlook as currently we are seeing a bearish retest to the broken resistance level @113.28. I believe we could see a "W" formation forming as it bulls. If not a retest to the trend support level is possible before it bulls. Therefore, as you trade CHFJPY, remember to place your SL well .
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CHFJPY [Weekly Directional Analysis]Simple Analysis on CHFJPY:
Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.
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CHFJPY Falling WedgeCHFJPY is forming a falling wedge (continuation pattern). A break of the resistive trendline has occurred, AND a retest of the resistive trendline is currently happening, lining up perfectly with the 61.8 Fib level. Bulls can enter long positions now, targeting the strong, daily resistance zone as a first target.
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CHF/JPY BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
CHF/JPY: Daytrade-Execution
Buy-Limit: 112,890
Stop-Loss: 112,385
Target 1: 113,325
Target 2: 113,625
Target 3: 114,325
Stop-Loss: 50 pips
Risk: 1%
Ris-Reward: 2,78
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Peace and good trades
Irasor
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CHFJPY - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( CHFJPY )!
-
1 HOUR
Bullish closure above trend turning area.
4 HOUR
Expecting a pump to 113.300, good long entries.
DAILY
Overall slowly dropping market about to turn!
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FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 112.610
SL @ 112.180
TP @ 113.290
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CHFJPY (Short) Trend : Bearish
Formation: Descending Triangle
Entry : Wait for the breakdown below the descending triangle (112.5) !!. you can always wait for a slight pull back (after the breakdown) before you enter the short trade. Do remember that there are times that you cant get the expected full profit. By sacrificing a portion of the position will lead to a better entry rather than jumping in straight when you see a formation has breakout.
TP1 : 116.35
TP2: 109.5
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CHFJPY - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( CHFJPY )!
-
1 HOUR
Bullish price action after taking out 112.500!
4 HOUR
Expecting more bullish pa, prices trading above main sr now.
DAILY
Overall bullish after a small pullback, turning to normal trend again!
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FOREX SWING
BUY CHFJPY
ENTRY LEVEL @ 113.110
SL @ 112.550
TP @ 113.890
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
CHFJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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CHF/JPY LONG SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Buy-Order: 113,360
Stop-Loss: 112,810
Target 1: 113,990
Target 2: 114,200
Target 3: 114,560
Stop-Loss: 55 pips
Risk: 1%
Risk-Reward: 2,15
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CHFJPY long trade on pullbackHello traders,
We have had a nice short trade earlier on this pair and now after the pullback we have spotted a nice bullish engulfing candle which suggests that we should see further upside movements. I have gone long on this and marked the entry point, sl and tp for you as well.
Ultimately I think it should make a double top before deciding further direction.
Let me know what you think.
Trade safe and good luck.