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
CHFJPY is retesting an important level:convergence of trendline respected since May 2020, fib 50% retracement and well cemented support zone. Buy anywhere near the trendline and enjoy profits
Plan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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. ...
CHFJPY Looking To Bounce BACK From ItS PreviouS DrOp:: A Nice Reversal Seems To Be In The Works... TP $ SL ON ChAT
CHFJPY has touched the daily trendline. And the place has a very strong supply zone, so a quick increase can be expected. Additionally there is a mathematical analysis of ADX which means that there is currently an ADX> D-> D + condition. ADX data can be a Reka fluctuation as D +> ADX> D-. It can be concluded that the existing bear trend is a conversion to a bull trend
The pair is still stuck in a range and it is currently at the lower boundary of it. A very nice bullish candle has been printed, so we will be looking forward to open BUY positions and aim for the upper boundary of the range🙌🏻
Analysis on daily time frame, CHFJPY has tested trendline, three bounces on the support. I am finding better entry on hourly timeframe. PS: Do not risk what you cannot afford to lose.
We managed to see a nice 261.8 fib level rejection followed by a BEARISH movement back to 161.8% fib level. Also, price level is currently near my moving averages which I expect a possible rejection here. Looking at the chart, we can see great BULLISH pressure holding CHFJPY for now. It have yet to breakout of the BULLISH climb momentum. Having said that, I expect...
CHFJPY AFTER SUCCESFULLY BREAK THE PREVIOUS RESISTANCE ZONE...NOW IT BACK TO THE SAME RESISTANCE ZONE.. NOW THE RESISTANCE ZONE CAN ACT AS SUPPORT ZONE...WAIT FOR CONFIRMATION AND THEN GO LONG... IF IT FAILS..THEN YOU CAN MAKE THREE TRADES WHICH SHOWN ABOVE... TRADE CAREFULLY....
In the Weekly time frame, we see a strong resistance level. 118.300 is an important zone for us to watch. If it breaks the resistance level we could place a swing Long for the long-term.