Inverse head on shoulders playing out nicely I mentioned last week, now waiting for a break of the channel + neckline for confirmation..
Currency Pair: CHF.JPY Time Frame: Monthly, Weekly, Daily & 4hr Predicted Direction: Short CHF.JPY updates will be available in the comments section below. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Head and shoulder formation...buy now n leave it for a week
Long 1hr/4hr 123 breakout entry, possible higher level targets
Price is in a downtrend channel, however we have a clean inverse Head on shoulders pattern here I will be watching for a breakout of channel & neckline + retest for entry..
The Swiss Franc has been steered by a descending channel against the Japanese Yen. The rate bounced off the upper boundary of a junior pattern and has since remained bearish. The currency pair has breached both the weekly pivot point and the 55– hour simple moving average also where the upper border of the descending channel is located. Given that a breakout...
The blue area has been the most significant axis of power in weekly, and now it seems the price has been pushed down by it, which indicates further selling. It would be reasonable to seek bearish opportunities in lower time frames until the next support is hit, shown in the chart.
On CHF/JPY we have a Downtrend line, with the possibility of a false breakout, because of the moving average of 200 periods above, this it'would be our entry, our stop is in 61% of the Fibonacci retracement of the bearish wave and the target is an accumulation in a important previous fund. SHORT ENTRY: 111.396 TARGET: 110.694 STOP: 112.128
Hello traders. This is my 4th long trade setup idea. The first idea stopped out with 1% loss, other 2 were canceled because it made lower lows. Now, we have new on. I have an entry order above last top with a stop loss below the last bottom. I'm trying to catch the daily up impulse. It will be a very big wave. The possible target is 123. Hopefully, it will make a...
The pair is still bearish but expecting a correction soon. We are opening positions to sell the dip a few pips more. Long positions are also a good option. We will send an email when we confirm a trend reversal.
Short CHFJPY based on market structure, rhombus and downward trend.
Volume showing dulness so short it sell & tp are mentioned in charts
Hello traders. You can see in the daily timeframe that this chart has great potential for upside and that's why I like to take long trades. Wait for a correction and take the breakout trade.
CHFJPY STRUGGLES TO HOLD ITS SUPPORT AT 112.5 AND NOW TRADING AT 112.143