Hello Friends! I hope "CHFJPY" will go Short 'Sell' and touch S1 then some correction. After her correction, it will touch S2 and S3.
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Hi all traders,
This is a video analysis on chfjpy.
As always, i have explained some of the levels for the traders to take note of it.
hope you will take note of it and trade only when there's a breakout.
As always, do leave a comment if u have any questions
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Cheers and thank you!
Hi all traders,
For this pair, the breakout might happen this week, so keep an eagle eye on this.
Any retest of trend line , we should be good for upwards movement.
Im buy biased for this pair. Be careful of fakeout!!!
Welcome to our weekly trade setup ( CHFJPY )!
Bullish market open and pressure.
Close above main sr level closing back within our range.
Overall waving and slowly rising market structure, good long entries!
ENTRY LEVEL @ 116.630
SL @ 115.953
TP @ 117.650
Max Risk. 0.5% - 1%!
(Remember to add a few pips...
CHF/JPY looks like it could be providing a decent opportunity to enter long based on the current technical analysis and price action.
Price broke out from a weekly descending trend channel in Late-July suggesting that the downwards trend is coming to an end, at least in the short term.
With our overall bullish bias, price has also now broken from a daily...
(07.29.2020) CHFJPY has every chance to rise to the 115.650 area. The seller is not able to stop the growing trend at the moment. A sharp exit from difficulties in the area of 114.600 speaks about it.
CHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.