Will be looking to take a short position on CHF/JPY based on the following reasons: - Previous support has now become resistance (108) - Failure to break past 0.618 fib levell - Bounce of 50 EMA Trade safe
Back at it again with a CHF/JPY Long Term Short. Fundametally a weak currrency, CHF has been fundamentally struggling and decreasing its strength consistently. Although next GDP data release should firmly show us where the currency is heading until then fundamentals will not cause major sentiment and bias change on the Franc. With the JPY not performing much...
The current U.S Coincident-to-Lagging Indicator ratio is significantly below housing-crisis levels.
Jezuz FUDGE!
I don't trade this patterns, but I want only show people how to draw it. Bat Pattern Forex
This article is a tradable summary of all of the indepth GBP$ analysis i have done recently - I aim to give you a conclusive opinion and trading plan. SEE PART 2 ALSO I suggest you check out ALL of the relevant articles that i attach to this post so that this post makes sense In a nutshell i am heavily short GU, about 8-9/10 @1.44/5 (@1.41 only 2/10) -...
As posted previously in my published analysis of CHF/JPY I am looking to continue with my Short Bias with targets at 107.000 then onto 104.209 as the final target for this trade. I have entered yesterday was down about -60pips however, the trade now seems to resume its down move and currently sitting at about -14pips. Stop loss set at 112.109 Also check my...
A symmetrical triangle got broken and just retest you can enter now hope you have a good trading. follow me for more ideas
Hello Traders, Here is a beautiful set up for CHFJPY. I would get added confirmation of the up move if and when an inverse head and shoulders is created. Pay attention to the green highlighted section and the reaction we see from there. Best, Chartistry
The pair arrived to a reversal point this week. Although, it´s been on a downtrend since last year, it hasn´t passed 110 figures to the date. At the moment, the lowering movement was held by a weekly 200 MA. Looks like once again BOJ decision will be critical for JPY here: if an extremely soft monetary policy continues, this pair may refresh the historical...
CHFJPY is in his way of making a double top formation and it is in 0.5 fib retracment level so the first target is the bottom 110 then the second target 108 if it breaks the bottom nice trading every body follow me for more trading ideas @
Hello Traders, Here we have a Wolfe Wave pair similar to CADJPY, we hit point 5 last week and now would be a good time to short this pair using the Wolfe Wave pattern. This cancels out the previous chart I posted on CHFJPY(linked below). Best, Chartistry
Swiss Franc has been falling for 8 months and all the time we had good levels for opening short trades in the direction of the main trend. We could be with huge profit, if we opened short positions and hold them. And again price reversed after correction and followed the main trend. When price closed below MA50, we got a signal for opening short positions. MACD...
The pair will breakout very soon, either immediately as a breakout from an ABC corrective structure or going up a bit to complete a triangle and then break down, either ways plenty of sell opportunities will materialize so keep a close watch!
the pair is breaking to the downside after a corrective move to the top trend line of the larger degree downtrend providing a nice opportunity to short it after a confirmation of break.