Here is my buy setup on CHFJPY. Price retraced .50 fib zones, assuming the correction has come to an end, I will take my first long positions here and add buy stops at 129.6.
Goodluck trading
Here is my analysis for CHFJPY for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (125.13).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (125.13).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Right Now this Currency Pair is in Neutral Phase
1- It is making Cup & Handle Chart Pattern on Daily Time Frame Indicating its Bullish Behavior
2-It is Moving in Parallel Channel Chart Pattern on Daily Time Frame and Right Now heading towards bottom of the channel indicating Bearish Behavior
3- When Considering Fibo Levels after breaking 38.2 % Fibo Level Price...
Hey Traders, in tomorrow's trading session we are monitoring CHFJPY for a buying opportunity around 123 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
We can easily expect the creation of a higher high
Monthly:
We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse.
Weekly:
In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a...
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The CHF brings up a very nice story, for me.
I used to go there a lot years back and I went again in november.
This is because I and my family like it there. Its a place we return to,
Just like this, the price is back where it...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
We still have a W formation on the Monthly & Weekly where we have 2 sets of trades as seen below. We are looking into a neckline retracement before the move to the upside. We are also looking for a sell reentry before the reversal on the Monthly or Weekly long.
BUY 1 (Weekly W...
H4 time frame.
Structure: Uptrend.
At the price of 122,500 CHFJPY formed a divergence signal with the MACD indicator.
Wait for the price to break the Key level at 123,700 and appear a confirmation signal, then you can find a buying opportunity.
The profit target is the price zone of...
Buy: CHF / JPY
Sell limit: 122.560
SL @ 121.890
TP @ 123.400
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
CHFJPY LONG - Buy Entry - H4 Chart
Symbol: CHFJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 122.340
Take Profit: 124.483
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
OANDA:CHFJPY
Bullish Indications
Bullish piercing candle at Major 1D Support area at 122.566, Pair has been retraced to 0.382 Fib level on 4H. Bullish Divergence is seen on 1H RSI(14). This pair has been bullish 80% of the time in month of December for last 15 years.
Daily timeframe shows bearish trend, which has been supported from current price level.
I am...
as the title says, an inverse shoulder head shoulder formation can occur here.
Most trades this after breaking the neckline, but I think it is more interesting to grab this opportunity before with the Fibonacci level.
