Chfjpytradingsetup
SELL - CHFJPY HIT RESISTANCEThe price is down trending,
and now it has reached the
point of resistance.
chfjpy trade setupconfirmed dragon pattern and unconfirmed double top. stop must be over the resistance zone with 30min candle close
CHFJPY LONG 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
volume is thinning out as the holiday season closely approachesinvestors’ 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 .
START OF THE WEEK(9 Sep - 13 Sep 2019) GUIDE | TEMPORARY UPTRENDSee chart for illustration
This is a follow up of speculation published earlier ( see link below)
CHFJPY(DAILY) | LONG TERM PROJECTION | SHORT!See chart for illustration.
Expect lower time frame publication soon as price action is monitored
CHFJPY / TECHNICAL CHART - "WEDGE"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.
CHFJPY - Buy Bottom of channel with 0.500 Fib supportBuy Bottom of channel with 0.500 Fib support
Target 118.461 - 450 pips
Short stop 112.370 if breakout below channel
FX:CHFJPY
long CHFJPY @ 1h @ trading capability for this 52nd week `16This 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
