Hello and welcome to my Trade Idea of the currency pair CHF/JPY .
Let's start with the Top Down Analysis.
Monthly: Monthly is bearish with big filled bearish candles.
Weekly: The weekly timeframe is in a downtrend too.
Daily: On the daily timeframe we see the head and shoulders pattern and have confirmations for a downtrend.
Have a nice day.
This is a short term sell setup.
Now what we had looked in this picture is that the currency is already in a downtrend.
Now the price reversed from the critical area but don't be fool by the market makers.
We are anticipating a down move.
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Hope this idea helps!
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very high chance to see bearish trend continuation on CHFJPY this week.
for now, we should wait for a bear break and close below 108.0
if this condition is met we can expect bearish continuation to 106.5 level
We saw price break bearish and break below the plotted trend line, currently price is trading bullish and will most likely re-test the marked level as well the trend line before continuing bearish to our target.
Stop loss is marked at -140 pips so manage risk accordingly.
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The Trend Follower Strategy has just sold CHFJPY at 108.895. The system recommends entering this trade at any price between 108.746 and 109.044. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.534. This suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is...
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Update: We go over all 28 pairs to look for trade setups using the Martin Trendline and Momentum Strategy! Lock in the sale and pick up the indicators today before they go up in price and start trading with us today! Get...
Hello guys there is another of our premium signal given on 12th of jun.
here we had an uptrend which got broken and after some consolidation we found new downtrend and after candle stick confirmation we get into trade. these kind of analysis is one of the simplest and more reliable strategies among them All.
to see the exact signal contact us or join our...