Looking at CHFJPY, we can see great confusion on recent candles. However, we see a failure to break 117.62 resistance level. Using candlestick pattern, we will like to see a higher or equal level close today to confirm our position. However, I am leaning towards seeing a equal or higher price close from previous day opening price. If so, I will be expecting price...
Prices are approaching our support in line with our ascending trend line where we could see a bounce above this level.
Though price hasn't gotten into my level, might probably miss this trade because markets already showing a bullish signal but I can't enter the trade until it meets my criterias. But if you can withstand huge drawdowns or you want to confirm my analysis with yours, I'd drop my confluence below. *Market is in an Uptrend. *Falling wedge(Bullish signal). *Rested of...
Confluences: 1. Daily chart double bottom 2. Daily chart trendline breakout 3. Price trending bullish on daily chart as price created a new high. Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with...
CHFJPY created a new support after breaking above the previous resistance zone. I am expecting a bullish continuation after price pushes up and successfully retests on the Ascending Triangle formation.
CHFJPY LONG
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
On the daily chart , the market reached the historical resistance zone and was unable to break through. After the rejection, the market reached a support zone and then got stuck in a range. In the range, we can see the formation of a double bottom with the possibility of an upward movement to retest the historical resistance area . If you like ideas like this,...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hey traders, here is the analysis for the CHFJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Hey tradomaniacs, The market is really choppy looking at equities. It looks like the tec-hype is currently over as we see a suffering Nasdaq, while indicies with a worse performance last year are rising (DAX30). This is causing a mixed cashflow and so a little bit of chaotic forex-market, which is testing our patience. I`m currently looking for CHF-Trades as...
Price is forming a consolidation zone and has recently rejected a strong support level, can anticipate a push towards the upside, 1:9RR
kept stop wide incase it tags last week low but i don't think it will
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions