In this update we review the bullish sequence in CHFJPY and identify some high probability trade locations
The yen pairs across the board took a dump in the markets this week, ending the multiple week bull run. We should see farther downside action from here but the road will be bumpy. BEAR CASE The market should give us another move down after a short term upward correction early next week. We're targeting 123.5 before we consolidate and think of our next move
This is my personal perspective about CHFJPY using WYCKOFF accumulation method, CHFJPY potentially entering end of phase D accumulation, last important support was 116.900 (SL max)
The CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short. BEAR CASE We will wait for price to retest 125 before going in for a short BULL CASE Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.
The Bullish trend is expected to continue as there still appears to be buying pressure here. Long strategy would be advised. As we are observing serious higher highs stop loss levels should be rational.
Welcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** In the current bullish impulse, it is now due for a correction and showing rejection at previous daily resistance. We expect it to head downward. Be sure to follow the entry criteria rules for your strategy and keep this on your watch list! - BKH
CHFJPY shortterm buying opportunity. CHJPY after a short retracment should continiue uptrend. Possible 1:12 Risk Reward
CHFJPY breakout the trendline .so looking of the nice bullish trade
CHFJPY Market has broken out of falling resistance and also has formed a double bottom. So i am looking for a buy move.
Will be looking at long positions for this pair for the week. Signals available. Leave your comments
We consider buying this CHFJPY pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
CHFJPY Price taps our POI, we are triggered in
SL: 118.577 TP: 119.822 RRR: 2.11 Price is showing clear indication of respect to the 4hr and daily line of support, thus reflecting a potential rise in the market.
don't trade before BUY stop, if you get 20 to 30 pips kindly close, its good for investment 2% risks. if you wanna more pips fully risks for yours. we are only try to hit baby pips if you like this analysis, please support our idea by hitting the like button and share to your frnz. we will support start to end trading have a great trading!
CHF/JPY Signal BUY LIMIT ORDER: 119.800 Stop-Loss: 119.200 Target 1: 120.500 Target 2: 121.740 Stop-Loss: 60 pips Risk: 0,5% Risk-Reward: 3.23
Buy: CHF / JPY SL @ 119.850 TP @ 120.666 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone
Sell: EUR / AUD SELL limit: 120.510 SL @ 120.770 TP @ 119.600 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone