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Chfjpylong

CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.97 (Horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur pushing price down to our major support at 112.22 (horizontal swing low support, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresonding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 111.90 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.02 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.50 (horizontal pullback support, long term ascending support line, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.05 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (55,5,3) is seeing a bullish diveregence and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 112.872. The system recommends entering this trade at any price between 112.692 and 113.052. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.417, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.144, so the stop loss has been set at 113.593. 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: 59590 Time Issued: Wednesday, 24 October 2018 08:00:16 GMT Status: open Entry: 112.692 - 113.052 Limit: N/A Stop Loss: 113.593 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% 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.
Short
by FXCM
2
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.16 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 114.20 (horizontal pullback resistance). Stochastic (55,5,3) is approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
CHFJPY (H4): Retracement (Long) Likely to HappenCHFJPY Timeframe: H4 Direction: Long Confluences for Trade: - Strong Bullish Engulfing Candle - Break of Trendline in H4 (Established since Sept 2018) - Hovering around 50% Fibo levels of previous uptrend move - Narrowing gap between 8EMA and 50EMA - SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend move However Stochastic is showing H4 is around Overbought conditions, you may want to consider to wait till the Stochastics re-balances itself before entering the trade. Suggested Trade: Entry @ Anywhere around Area of Interest (113.00 - 113.80) SL: 112.17 TP: 115.95 RR: Approximately 2.21 (Depending on Entry Levels) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill