CHFJPY is approaching our first resistance at 114.33 (horizontal swing high resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 113.96 (horizontal swing low support, 61.8% fibonacci extension, 23.6% fibonacci retracement). Stochastic (34,5,3) is also...
The Tidal Shift Strategy has just bought CHFJPY at 114.21. The system recommends entering this trade at any price between 114.062 and 114.358. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.387, which suggests that the CHFJPY could be trending upwards.The 14-period Average...
CURRENCY: CHFJPY ENTRY: BUY @ 113.3 MONTHLY TREND: BUY WEEKLY TREND: BUY DAILY TREND BUY ANALYSIS: Alignment on Monthly, Weekly, Daily Trends, Enter at 8 Hour Bollinger VALID PERIOD: 64 Hours or if daily trend shift STOP LOSS: No Stop Loss, exit according to Valid Period positive or negative
Sell after the Breakout of Channel. TP 1 would be same range distance of Flag Channel. TP 2 would be the same distance of the Flag Pole.
My last CHFJPY trade didn't work out. In hindsight I misinterpreted the chart completely. It shows once again how vital it is to have a working money management in place. I personally don't worry too much about a bad trade. I give my initial idea (see related ideas) another try. I am posting the daily chart for the sake of simplicity, the trade is based on the 4H...
The Trend Follower Strategy has just bought CHFJPY at 113.075. The system recommends entering this trade at any price between 112.952 and 113.198. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.527. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
WILL CHFJPY BREAK OR REVERSE BACK UP? WATCH OUT FOR THIS
I am having this pair on my watchlist since a while now and ever since it broke the last downtrend I was looking for a good opportunity to throw myself into the market. This trade is based on a very basic price action analysis. I prefer to keep it simple, as simple worked best for me so far. Between the current price and the 200 EMA level is a pretty good...
Still have bearish bias overall on S&P, and unlike JPY, CHF isn't much affected with market pricing in the possibility of another Fed rate hike this December. Setting up buy stop order few pips above the base pivot level in the daily chart (@114), with TP near 115 (100 fib level) and SL @113.45 (few pips below 0 fib level). Daily: Weekly: Confidence: B...
Looks like its drawing H&S Pattern. Thats long term targets. (daily chart) -DYOR -YTD Good luck, -Yusuf Deli
CHFJPY about to break the strong resistance zone above. or it may go down as well so wait for it
Previous month chfjpy already break the most confluence zone and and approaching te zone to retest and continue their downtrend. Looking forward to wait the sell setup in daily and 4-H confirmation and entry. I will patiently wait for the setup. TAYOR and good luck!
The Tidal Shift Strategy has just bought CHFJPY at 113.738. The system recommends entering this trade at any price between 113.612 and 113.864. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.954, which suggests that the CHFJPY could be trending upwards.The 14-period Average...