We can expect chfjpy to retest the previous high then continue to push downward with the bearish momentum. For those who take cheers !
New trading suggestion: There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the level 110.30 is not broken, the Midterm wave will be downtrend. Price may also reach 110.30, if price reaches...
New trading suggestion: There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the level 110.30 is not broken, the Midterm wave will be downtrend. Price may also reach 110.30, if price reaches...
- Entry:109.11, Target: 104.00, Stop: 110.70 (Medium-Term) MACRO - MEDIUM-TERM — Latest Rationale Data in this trade have been derived from a short CHF/JPY position promoted by Morgan Stanley Research. "The time has come for us to re-enter our structural,longer-term CHFJPY short position."JPY longs should benetand outperform CHF, given that the structure of...
We smashed our TP2 with the CHFJPY trade! Njoy!! :-)
www.tradingview.com Chfjpy has broken its support trend line and couldn't retrieve it until now. falling expected for this pair into 0.618 level of Fibonacci. short position can be open: ENTRY: 111 TP: 108 SL: 112 risk high Best regards
We last posted on the CHFJPY on April 30th when we were waiting for price to break and close below a support zone formed by pivots in March and April as well as the round number 110. Yesterday's bar broke through all these levels as well as closing below the round number 110 suggesting further weakness and a continuation of the bear trend. This prompted us...
CHFJPY Buy Idea @Weekly Demand Zone (109.603 - 107.691) Buy Limit: 109.583 Stop Loss: 107.553 Take Profit: 112.481
We see strong bearish candilstick pattern. Also price broke support level.
we can see the price is break below the support and we are looking to short sell and hit to 107.931 next support area
Break below support, now acting as new resistance. H4 timeframe price has broke structure, more downside to come..
Looking For A Long Position Here! *NOT RESPONSIBLE FOR ANY LOSSES TRADE AT YOUR OWN RISK!*
We last posted on the CHFJPY on April 21st when several days of weakness had given momentum to the bears which were looking to take price through the pivot support of March. The breakout did not materialise and, as has been a feature of FX, price instead found support and the bulls kept price within consolidation. The pullback to the upside lasted only 3 days...
Not so often in the FOREX positions are formed, whose potential is estimated by several hundred points, while the risks do not exceed hundred of points. We've been following this position for months, sitting in the ambush for months, and now, at last, the time has come. It's about buying a very specific cross-rate CHFJPY. Some common philosophy for a start....
I think this may be a good opportunity to catch some pips. Price has been hovering around the channel for a while. Good R/R on this trade which is why I'm tempted to take it more than anything:even with 2/3 positions its a really good opportunity. Good luck. Reasons for taking this trade daily rsi divergence bounce between daily channel weekly trendline could...
Look for a strong break and close below the red support line.
potential long Let's see if pirce reach this potential reversal point ?