CHFJPY | Perspective for the new week | Follow-up details
This is a follow-up video to my previous analysis on the CHFJPY where we were able to close last week with about 130pips profit as the Yen continues to gain traction. So, after testing its highest point since 1980 - just right above the 151.00 area last week, the price has continued to find lower lows and lower highs. Will the BoJ's intervention continue to have a positive impact on the Yen in the coming week(s)?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
The price has been trading between 146.500 and 147.400 since the opening of the new week. So, I am still waiting for the bearish signal in the form of a breakdown/retest of the trendline which also lines up with the 146.500 level. However, if a breakout of the 147.400 happens, I might be looking for buying opportunities.
Good morning
Good morning
Trade active:
100 pips in profit at the moment; moving stop-loss to protect the position
Trade active:
I was taken out with 80pips profit as price retraced. Below the 146.500 zone is another area to look out for selling opportunities.
Good morning
Good morning
Trade active:
About to go in for the potential second wave of the potential bearish move
Trade active:
Price is still within the identified sell window
Good morning
Good morning
Trade active:
Stopped out with a 50 pips loss, but I still plan to sell at a breakdown/retest of the 147.500 level.
Good morning
Good morning
Trade active:
100pips in profit; moving stop loss
Trade active:
With 85pips in profit at the moment, the current structure appears to be indecisive as the last 13 hours reflect a consolidation phase around the 146.500 zone. Now, the question is: will there be a retracement toward the entry zone before the trend continuation or will there be a breakdown/retest of the 146.500 zone to incite a bearish move?
Good morning
Good morning
Trade active:
Price action continues the bearish momentum as a breakdown/retest of 146.500 to confirm selling momentum hereby adding another position to the existing trade. So with over 180pips (multiple entries), securing the position around 146.500 area looks sensible.
Trade active:
Trade smart. Trade consciously
Happy weekend