PRICE BROKE THE DAILY BULLISH TRENDLINE BUT HAD A BIG PUSH FROM THE DAILY DEMAND ZONE. IT IS SOMETHING THAT I WILL KEEP IN MIND SINCE WE WERE IN A BULLISH TREND. I MIGHT LOOK AT A SELL OPPORTUNITY AT THE SUPPLY ZONE SINCE IT WOULD ALSO BE A BREAK & RETEST OF THE PREVIOUS TRENDLINE
Hi traders, I am currently short CHFJPY after the rejection on the 4-hour timeframe from the supply zone. Best, Don Deesker
We can see that price has broken below this ascending TL, making a lower low with a retracement up into a fib level. We also have this irregular H+S pattern which is valid, however i do believe we can see a push up to previous structure level, the 61.8% fib and the 50EMA, this would be a high probability set up if we can get a nice confirmation candlestick.
Hey traders, here is the analysis of the CHFJPY short trade. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Hey traders, here is the analysis of the CHFJPY short trade. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
all parameters on the chart good luck
all in the chart I have higher confidence than usual in this trade setup so I take higher risk (= larger position size) with this trade as always, good luck!
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Current price for CHFJPY is 117.26 and almost 100 pips away from the resistance zone 118.20 - 119.20. Maybe we can see a bullish movement for a while before the price testing the resistance zone (Weekly Timeframe). In fact, the Stochastic shows overbought as well for this pair. Based on the fundamental view, there is not much news on JPY, just one High Impact on...
As you can see the 118.00 area is a major S/R level. The first and second touch were 30 weekly candles apart while the second and third were separated by 31 candles. However the third touch has not quite occurred 99 candles later. It is surely coming soon and I believe we will have a good short set up. I believe the bulls are on their last final push and the 118...
This is the first time I sharing the double-shot idea and hopefully it's going to reaching both of Taking Profit 😂 Let's dream together 😂
As we are heading towards the 161.8 fib level as well as a strong resistance level @118.00 price level, today's candle show us a nice BEARISH sign. We could see an early reversal soon for CHFJPY with signs of reversal. From a bollinger band point of view, we can see that a price level is already at the upper band with a nice rejection off it. I will be seeing...
CHFJPY looks like it could possibly reverse from this upwards movement. Target as shown.
CHFJPY need correction, I am waiting for confirmation sell.
As we can see,CHFJPY is moving in a channel 1 Hour time frame, it failed to break the top trend line, it may retest the support level before an up trend (Retesting the top trend line again) Thank you,