➕CHF/JPY Setup / Analysis
🕐 4hr's Chart /
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➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
➕ Key Technical /...
We are currently in the range and sellers territory. If price broke the top of the structure, our first target is at the start of sellers territory because we prefer trading with a trend not against it.. The next option is to go with a trend and wait on break of the bottom of the structure.
". There is still a possibility of temporary retracement to suggested resistance line (115.67).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Going short here when markets are open. We had breakout of an up trend dating back to May, since then we could consider the retrace to 116.00 matching 61.8%fib as the re-test. We could see a price drop to 114.00 this next week!
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Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CHFJPY price made a strong bearish move rejecting a Key zone around Y116.000 to propose a possible ABCD pattern in the future.
Tendency: Downtrend ( Bearish )
Structure: Retracement | Supply & Demand | Harmonic (AB = CD expectations)
Observation: i. Inability of Price to break above Y117.500 in Aug & Sep 2020 has led to a Reversal pattern...
in today’s day trading analysis of CHF/JPY, I would like to show you how to look for trading confluences and how to use them together. such a combination of trading setups helps to find very strong Supports and Resistances.
On Tuesday, there was a strong sell-off on CHF/JPY. Before that sell-off, there was a nice rotation that took almost the whole...
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Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
CHF/JPY continue with uptrend was formed NEW Volume cluster near price level 115.070.
I hope so that strong buyers which push the marker up..
Will be defend their buying position and on price level 115.070 we will see nice long reaction...
This level is confirmed from the past.. As strong S/R zone from the past...
Another nice support is on the second...
CHFJPY retested major downtrendline
Price is based on support level at 115.69
Above SMA 100
MACD shows weakness in bearish momentum
It's expected for coming bullish movement to target first HVN at level 116.72
then finally target supply zone at level 117.80