Hey Traders! 👋 I believe we have a good chance to re-test previous area of resistance or the top of the current lower timeframe downtrend, if broken we will see this trade to re-test the previous monthly pivot point. Both currencies are in a 52 week low against the dollar in the futures markets, I still think the CHF is the better safe haven so likely it will...
Hey Traders! The market recently had a strong rejection back to the previous area of sensitivity Although it's not yet certain I think it will hold and should be re-testing the previous area of resistance. Overall market direction is bullish. About 20-30 pips should be your first take profit, manage your risk. Good luck!
A strong trend upward, and a recent wedge broke out seems likely to re-test the previous pivot resistance or full wedge price action to take profit level. Moving averages at the bottom cover our stop loss. 12-hour hour-recent break of 20 ma shows bullish pressure, likely to re-test previous daily resistance. The pair has been bullish for quite some time, it...
Hello traders, In today's article, I'd be sharing my analysis on CHFJPY and the reasons for my bullish bias . Here on the daily timeframe, we see a market in an uptrend as indicated by the ascending trendline. But what's more interesting to see is how we have seen a pattern repetition every time the market pulls into the ascending trendline. We see a double...
Welcome back! In the current New York Session, we are monitoring CHFJPY for a short entry around the highlighted resistance zone. Price has corrected to previous daily structure (major level support/resistance) where we expect more downside movement from here. Price is also below 50 MA on daily. We recommend that you keep this pair on your watchlist and enter...
Areas of support and resistance of precious gold have been identified. There is a possibility of breaking the trend line ahead and raising the price, or failing to break the trend line and lower the price up to the first support area. I hope my analysis is useful, thank you for your support. ⏳update 👸rain_kian 📅Sunday, February 13, 2022 🤷♀DYOR
Trend reversal is expected Bearish trend to be converted to Bullish
I don't think I got so many bearish markets in one day. This pair is bearish too, but it appears due for a X Wave fractally. This means a temporary push upwards with a larger correction. I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I...
Hi my friends, Welcome to this analysis where we are looking at JPYCHF 4-hour timeframe perspective, the current formation, what to expect the next times, and how to handle the upcoming scenarios. Looking at my chart you can watch that JPYCHF is in a confirmed downtrend where it is moving in a downtrend-channel marked in blue, furthermore, it is forming a wave...
The price action has recently bounced back from a strong support level for a higher time frame, with price supported by the trendline in H1, and the rejection from the strong support level, the price may look for and upward momentum allowing the placement of a long entry with a high R:R The order: Type: buy-stop S/L: 29 pips - R:R | 1:3 - T/P: aiming towards...
Hi, after our short term signal, CHF/JPY seems to be taken over by the bears. So, it is good time to give a midterm plan now. Entry: 113.000 Stop: 114.2 Target: 110.8 Have a nice week! Follow for more.
Head And Shoulders Daily JPY/CHF chart shows the last move up before the move past the support neckline. To gain more info we need to draw our average channel of movement to get the best idea of where this pair is going. Placing an orange resistance from the top of point A gives us a certain average high price. Now we do the same for our support line, add a...
Previous trade failed, some bad luck because of the trade war news past weekend, during Monday morning opening this one gaped below the support zone. At the moment it looks like it is trying to make an inverse H&S. The right shoulder is in the making, but it's still a bit small. So we could see it get extended a bit coming day or so. If it keeps it's shape and...
Looks like there is some support buying here at the current prices. When zooming out we are also in a support zone as well. The wedge in the middle also shows potential. The wedge of course is not great, since it moved back in slightly. But because of those yellow zones on the right, i think there is good potential for this one. So assuming this theory is real, we...