Chfjpylong
CHFJPY (Swiss/Japanese Yen) LongAs we can see in my chart, market has reached a support line as historically shown if you look left, we've touched this area many times and market has gone back up from here but be aware that market may decide it still wants a bit more down before going up. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Buy CHF/JPY At The Weekly Support ZoneNow is looking like a perfect opportunity to catch huge pips as price has approached a weekly tested support zone! As CHF weakened during the past 2 weeks it has pushed priced to a key zone which should cause price to reverse & we will capitalize on this move.
Trade Details :
Entry : 107.810
SL : 107.400
TP : 110.000
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Buy CHF/JPY Reverse Head & Shoulder PatternThis reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!
Trade Details :
Entry : 107.950
SL : 107.800
TP : 109.000
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CHFJPY - SWING - 08. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CHFJPY FOREX BREAKDOWN 08 MAY 2019
1 HOUR
Found a support right now, we need a market turn!
4 HOUR
Bearish market for a couple of days turning bullish now.
DAILY
Strong Support can hold right now, looking for upside momentum!
SWING SETUP
BUY CHFJPY
ENTRY @ 108.200
SL @ 107.610
TP @ 111.200
RR: 5.10
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CHFJPY: Bottom Formed On Bank HolidayWelcome to this analysis guys on todays bank holiday.
We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested.
The retest happened with a pin bar or a so called wick. A good indicator about a trend change.
My favorite divergence is also in place.
It is still possible to enter the trade but you got a less good risk to reward! Keep that in mind.
Wishing you guys good trades and hear you next time!
Trump at it again....We are looking for price to enter our support zone ( red box ) before price bounces and makes bullish movement up to our resistance zone ( green box )
There was a big gap at market open and these gaps 90% of the time get filled, this gap was caused by Mr Trumps weekend antics with China.
If you need any help then just message us.
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 109.817. The system recommends entering this trade at any price between 109.679 and 109.954. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.536, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.11, so the stop loss has been set at 110.367. This stop loss order is a trailing stop that will move down as the market moves down. 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: 65170
Time Issued: Thursday, 25 April 2019 02:00:17 GMT
Status: open
Entry: 109.679 - 109.954
Limit: N/A
Stop Loss: 110.043
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CHFJPY buy!!After a massive downtrend we can see this pair has signaled with a reversing bullish engulfing candle while RSI also overbought. I've marked the tp and sl for you as well. Even though I personally think there are many more pips on this trade after the tp.
Let me know your thoughts.
Trade safe and good luck.
BUY CHFJPY As It Bounces Off A Major Resistance ZoneCHFJPY has approached a major resistance zone around 109.000. Price is expected to bounce off this tested resistance zone either all the way back up to the previous major support zone around 111.500 or the previous swing low at 110.600.
Trade Details :
SL : 109.400
TP 1 : 110.600
TP 2 : 111.700
BUY CHFJPY ON 3OMAnticipating shift in trend upwards as price action demonstrates a strong momentum swing up. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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Swiss franc looking for a base against Japanese yenThe CHF/JPY pair has done very little during the day on Monday which of course is that much of a surprise considering that the banks in Europe were closed. That being said we are approaching a rather significantly support level as far as psychological importance is concerned as the ¥110 level will of course would cause a bit of reaction. Beyond that, there is a lot of noise underneath that extends down to the ¥109 level, meaning that we should have a significant amount of support. At this point, it’s very likely that the buyers could return or a rather soon.
That being said, there is a 50 day EMA turning lower just above, but it would make more sense for the market to reach towards the 200 day EMA, which is pictured above there at roughly ¥111.70 level. However, if we did break down below the ¥109 level, then the market could reach as low as ¥106 but that is not the base case scenario currently.
This is an interesting pair to pay attention to because both of them are considered to be safety currencies, so the most important thing about this chart is to know where to put your money in the case of a flight to safety. For example, if riskier currency such as the Australian dollar selling off, you want to short the Aussie against whatever one of these currencies is gaining. So if we bounce from here, and we want to short something such as the Aussie dollar, then you want to short the AUD/CHF pair, as it should run further to the downside than the AUD/JPY pair. Obviously, the exact opposite can work so keep an eye on this chart, even if it doesn’t give you a trade by itself, can be quite profitable. Remember, Forex is all about relative strength.
As things stand now, it would be very bullish if we can break above the ¥110.50 level, as we could reach towards the previously mentioned 200 day EMA.