CHFJPY daytrade long (M15). The exchange rate is back for correction. It can be assumed that a few days turn. STOP LOSS break-even after the entry is made when the exchange rate reaches 111,037. I expect a quarter wave correction. This level is 110,734
4 hours currency strength indicator confirms the short position. JPY is gaining strength while CHF is weakening. I set my first target at 38 pips.
Target 1 HIT!! + 2.5% / 63 PIPS Trade 1 = Closed Trade 2 = Move SL to Break Even and await TP2. Good Luck :-)
Price has been under consolidation, and is showing signs of continued upward momentum to resistance Small Bullflag Pattern Risk Reward 2.3
I talk about the time stop loss rule, taking small losses if our good risk reward, high probability trade setups do not pan out.
I share a bit about the trade entry and rules of the trading system.
It was noted that CHFJPY could be hunting lower lows. Our current trend is bearish. H1 is complemented with an extremely strong bearish divergence including an ABC pattern back into an order block. Furthermore, H1 is complemented with additional trendline resistance increasing the probability of our trade. R:R > 1:5 Good Luck :-)
Hello traders. I have put an entry order while I was recording today's video analysis. But, it went up before I manage to upload. Wait for a correction, then take the long trade. Up move can be wave C in expanding flat. In this case, it will come down one more time. Otherwise, it will go up and break the previous weekly top. If you don't have any long trade,...
Aiming this pair to continue further down as it broke previous support of 110.50
FRANK/YEN New trading suggestion: There is possibility of temporary retracement to suggested resistance line (112.95), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the level 112.95 is not broken, the Midterm wave will be downtrend. Price may also reach 112.95, if...
We last posted on the CHFJPY on March 19th when price has broken through pivot support which triggered us into a short trade. As has been the feature of FX, this has since been a slow mover, with price moving into profit and then pulling back to our entry point and remaining in consolidation since. However, the moves of last week have looked for more...
$CHFJPY Bullish Gartley. I didn't take .618 retracement as target because the resistance at .5.
Price action moving very nicely since I called this setup on Sunday : ) .. Watch for a pullback rejection for trend continuation.
Break of trendline back down to support, and double top pattern that formed
Price might range a while before turning to the upside. We saw a lot of CHF weakness lately and I'm expecting price to start turning.