Hey tradomaniacs, welcome to a new free trading-setup. CHF/JPY: Daytrade-Execution Notice: Going to keep risk low as market could continue to be volatile like yesterday.. Market-Buy-Order: 114,600 Stop-Loss: 114,215 Target 1: 114,990 Target 2: 115,230 Target 3: 115,525 Stop-Loss: 39 pips Risk: 0,5% Risk-Reward: 2,40 LEAVE A LIKE AND A COMMENT...
Buy: 114,600 SL: 114,215 Target 1: 114,990 Target 2: 115,230 Target 3: 115,525 Stop-Loss: 39 pips Risk: 0,5% Risk-Reward: 2,3
Waiting for Daily Close Before taking any trade with a good risk to reward ratio.
After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase. It is now at a strong price action support zone and at the final stage of wave A. Hence, we expect the pair to be bullish in the near-term.
- Potiential new level of support - Creating a higher low - 20 EMA moving close to price (moving support). This will be a pending order depending on how the market wants to move. I won't be entering this trade until I see some bullish confirmation.
Hey tradomaniacs, welcome to a new free trading-setup. CHF/JPY: Day-Swingtrade-Execution Notice: Aggressive manageent as we execute ahead opening! Market-Sell-Order: 115,935 Stop-Loss: 116,180 Target 1: 115,700 Target 2: 115,500 Target 3: 115,300 Target for One-Target-Trader: 115,500 Stop-Loss: 25 pips Risk: 0,5% - 1% Risk-Reward: 2,62 LEAVE A...
Here's a trade setup that I was looking at earlier today. Unfortunately I missed out on the big move due to work commitments, but no matter! I'm interested to see how price reacts when it reaches the next key level @ 116.200. There's a few scenarios that could play out here, I'll break them down below. Scenario 1 We see a move past the last peak and a...
CHFJPY price made a strong bearish move rejecting a Key zone around Y116.000 to propose a possible ABCD pattern in the future. Tendency: Downtrend ( Bearish ) Structure: Retracement | Supply & Demand | Harmonic (AB = CD expectations) Observation: i. Inability of Price to break above Y117.500 in Aug & Sep 2020 has led to a Reversal pattern...
Price breaks from support but turns out to be a fake out, i took a trade in USDCHF going short instead. *Thumbs up for money management and for knowing pair divergence* HAVE A GREAT WEEKEND EVERYONE
Price is making a correction in lower time frame from the rising wedge pattern, i will be taking short trade in this pair. Could have taken the trade early in the pattern with great RR but NEVER FOMO ( FEAR OF MISSING OUT ) because there is much more opportunity i can take later on. * The risk to reward shadow is just an estimate *
* RISING WEDGE PATTERN H4 * i missed this beautiful short trade in this pair, oh well, i'll be looking for a correction setup to enter the second chance trade in the pattern. If there is no second chance just move on and seek for a new opportunity.
Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday CHFJPY-Technical analysis ⚡️price is well below the 116.00 and key resistance level ⚡️Rising wedge formation is about to end which is a clear sign of Bearish trend ⚡️Swing target would be 114.400 ⚡️115.00 Area will act as barrier for...
While the SNB is a "currency manipulator" (of the first order), Japan is a wholly owned subsidiary of the BoJ. Still, it's wise to bet on the World's 3rd largest economy versus the World's Vault that is now on fire. ... and this chart is foretelling that exact story!