CHFJPYThe Japanese is still undoubtable the weakest currency across major pairs. The Bias towards this trade is based on the Dollar. I think the USD has peaked and it will either consolidate or Down creating a Risk off environment strong enough for Equities also Technical analysis confirms this. Considering the correlation between the CHF and USD this is where this trade Idea comes in USDJPY was a strong momentum trade for a couple of months and that shift of momentum is likely to shit to this environment based on ((CHF))
Chfjpylong
MONDAY OVERVIEW - Long Term and Intraday Setups on INDEX and FXHi Traders,
This is my view for this week on:
- SPX500
- NAS100
- SILVER
- CHFJPY
- EURUSD
- GBPUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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CHFJPY Set UpPrice retraced to .50 on fib and fell to support. Not that a clear LH has been created, I can confirm downtrend and now we wait for the price to break below support. A retest if the price breaks below support will be another lower high and possibly be the 3rd touch of the trend-line. Let's see what happens.
A complete and comprehensive Analysis upcoming Move in CHFJPY Update 03/07/2022
1 Structure 1/2: Super Bull
2 imbalances :Target Base on FIB Extension marked
3 Current Move1/2 : impulse
4 Entry TF : D1
4.1 ETF Structure: bull
4.2 move : Corrective
5 Support Resistance: POSSIABLE Support coming
6 FIB: 50 to 61 support areas marked
7 candle Pattern: Directional long wick
8 Chart Pattern: Resistance break out to CIP
9 Volume : High volume from initial level of move
10 Momentum: super bullish With a Divergence
11 Volatility : Bull
12 strength: Strong Bull
13 Sentiment : -7/-23=16 point weaker then CHF
14 Final Summary: Set a alert at 138.070 level because on this area of price their are lot of factor can support this move
15 long /Short/Wait : long
16 Entry:138.07
17 Sl:137.575
18 Tp: 159.291
19 Risk to reward Ratio: 1:39
20 Excepted Duration : 60 days
CHFJPYHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.