The Trend Follower Strategy has just bought CHFJPY at 113.075. The system recommends entering this trade at any price between 112.952 and 113.198. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.527. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is ...
Monthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout:
1. Have a break below the Cloud.
2. Have a TK cross
3. The Chikou is below price
4. The future Kumo is bearish
2 Potential entries for this trade:
First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round ...
CHFJPY Long setup presenting itself again.
Rejection of the previous resistance zone, hammer on the support zone, 50% Fibonacci and ascending TL confluence zone.
Details are on the chart.
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CHFJPY FOREX BREAKDOWN 23 NOVEMBER 2018
Strong bearish reaction to 113.850 after forming new Highs!
Bearish reaction after forming new H4 Highs (HH) indicating further buyers pressure!
Pullback with a second daily bearish closure, expecting some bullish movement now!
(Please split your Position to 3 ...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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Strong Bullish takeout of previous H1 Highs at 112.930
Bullish weekly open with instant pressure towards previous H4 Highs and resistance zone
Slow bearish market overall, following this midterm pressure with good entry levels!
SELL CHFJPY @ 112.880
SL @ 113.210 (35 Pips) ...