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.
So far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
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Welcome to our weekly trade setup ( CHFJPY )! - 1 HOUR Bullish closure above trend turning area. 4 HOUR Expecting a pump to 113.300, good long entries. DAILY Overall slowly dropping market about to turn! - FOREX SWING BUY CHFJPY ENTRY LEVEL @ 112.610 SL @ 112.180 TP @ 113.290 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Up for 40 pips, strong areas to push off and reach.
CHFJPY is showing opportunity to go short on the 4HR timeframe. This is potentially a bearish retracement on the 4hr for a bullish impulse on the daily to come soon. Do not risk more than 2%
Hello traders, We have had a nice short trade earlier on this pair and now after the pullback we have spotted a nice bullish engulfing candle which suggests that we should see further upside movements. I have gone long on this and marked the entry point, sl and tp for you as well. Ultimately I think it should make a double top before deciding further...
Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view. Never Trade alone we really hope you enjoy All trade.. Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.this is not signal. it's my opinion....
OANDA:CHFJPY failed to break out of the trend line and which signifies more bullish momentum to break out of the resistance turns support zone. NOTE ALL TP & SL ARE PROVIDED ON THE CHART
Please Follow My profil to get the forex ideas>> @PublicSquareFX CHFJPY
CHFJPY expected to rise up to 1st resistance at 112.599 where it could potentially react off and drop down to 1st support at 110.909. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.