So far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
💡Hello traders, Hope you are having fantastic summer and also are finding time for trading as well :) I will really apricate any likes and follows, that would help grow this channel. Let's take a look at CHF/JPY on 1H chart. We can see nice uptrend channel and we believe price will go up to test resistance line of this ascending channel. Let us know what you...
CHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
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. ...
Following the break of the previous ascending TL, we saw some short term bearish moves, but failure to close below the 200MA We have since had higher highs and lows created, forming a new uptrend. Looking for a pullback and retest of trendline, 0.618 FIB and 50MA before going long
chfjpy is in bullish pennant pattern, the price making lower highs and higher lows. wait for breakout.
- Below Supply zone - after trendline breakout - wait for sell confirmation
Hello traders! As you can see from the chart above there are good chances to go long successfully on CHF/ JPY. The reasons are easy to understand. First of all, RSI 14 does not look overbought. Secondly, MACD line is crossing SIGNAL line starting a bullish momentum. Furthermore, Bearish Momentum is getting weaker and weaker, as suggested by the red histograms....
What we can see now for CHFJPY is a completion of a double bottom formation respecting the support level @113.05. This potentially gives us a bullish outlook as currently we are seeing a bearish retest to the broken resistance level @113.28. I believe we could see a "W" formation forming as it bulls. If not a retest to the trend support level is possible before it...
AS LONG AS WE HOLD ABOVE 112.45, TUESDAY HIGH WOULD LIKELY BE TAGGED AGAIN....
Potential bearish gartley forming, then a retrace, then a run back up to the bullish WW pattern.
Simple Analysis on CHFJPY: Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish...
CHFJPY is forming a falling wedge (continuation pattern). A break of the resistive trendline has occurred, AND a retest of the resistive trendline is currently happening, lining up perfectly with the 61.8 Fib level. Bulls can enter long positions now, targeting the strong, daily resistance zone as a first target. Be sure to follow me for more ideas and analyses....
Hey tradomaniacs, welcome to another free trade-plan . CHF/JPY: Daytrade-Execution Buy-Limit: 112,890 Stop-Loss: 112,385 Target 1: 113,325 Target 2: 113,625 Target 3: 114,325 Stop-Loss: 50 pips Risk: 1% Ris-Reward: 2,78 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow...
Welcome to our weekly trade setup ( CHFJPY )! - 1 HOUR Bullish closure above trend turning area. 4 HOUR Expecting a pump to 113.300, good long entries. DAILY Overall slowly dropping market about to turn! - FOREX SWING BUY CHFJPY ENTRY LEVEL @ 112.610 SL @ 112.180 TP @ 113.290 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Happy Trading ----------------------------------------- This idea is for entertainment purposes only, and must not be construed as an investment advice.