CHFJPY, Trade Set Up. Trade when the Price Action Tells!
hi, analysis done trade setup the outcome good luck !
all parameters on the chart good luck
- Below Supply zone - after trendline breakout - wait for sell confirmation
ENTRY @112.599 STOP LOSS @113.744 TAKE PROFIT @109.748 TRAIL @113.744
Please Follow My profil to get the forex ideas>> @PublicSquareFX CHFJPY
The price is down trending, and now it has reached the point of resistance.
confirmed dragon pattern and unconfirmed double top. stop must be over the resistance zone with 30min candle close
CHfJPY Price of safe heaven Of fall
This pair is currently having a retracement. So I will be looking to enter longs around the 112.000 levels if we see candle wick rejection on the 4hr time frame. Take partial profits! 200 PIP GAIN 6/1 RR
investors’ focus on the risk of a slowing global economy, a sharp rally in the yen — a traditional haven currency — would make some sense to opening low risk short position from here, Also current administration’s strategy to use tariffs as threats to mold his foreign-policy against multiple countries will create an ongoing and unknown certainty .
See chart for illustration This is a follow up of speculation published earlier ( see link below)
See chart for illustration. Expect lower time frame publication soon as price action is monitored
Pair: CHFJPY Trade : Long Time Frame : 1 Hour Strategy: Wedge DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Buy Bottom of channel with 0.500 Fib support Target 118.461 - 450 pips Short stop 112.370 if breakout below channel FX:CHFJPY
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron