Clearly i didn't expected such a move. Let's try to minimize loss. We'll see were to close the deal according to future move
CHFJPY expected to reverse up to 1st support at 112.128 where it could potentially react and bounce to its resistance at 1st resistance at 113.018. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Plan : wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **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. Traders!! if you...
On Daily and 4H chart we can notice that the price form a good double top pattern , which is indication of trend reversal and it's also near a key level. so we can see after the price go down a little bit it's form a beautiful rising wedge if the price break from it to the down side it's might mean a good short setup.
The pair is correcting the drop from 114 strong resistance and is trading 20 pips under the medium-term resistance of 113.40-113.50 zone. A drop under 113 would confirm that the downtrend has resumed and could bring ChfJpy to 112 zone
CHFJPY expected to rise up to 1st resistance at 113.336 where it could potentially react off and drop down to 1st support at 112.662. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY expected to rise up to 1st resistance at 113.444 where it could potentially react off and drop down to 1st support at 112.959. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hello Traders, TP1 & TP2 SELL IDEA Head & shoulder. Been busy watching the markets looking at the bull runs due to trader tention between us and china as well as viruses and tention in iran, Now this bull trend has come to a very strong support area on weekly as well as daily and this is a short as well as a long opportunity depending on yourself. Could see some...
Hello Traders, TP1 & TP2 SELL IDEA Head & shoulder. Been busy watching the markets looking at the bull runs due to trader tention between us and china as well as viruses and tention in iran, Now this bull trend has come to a very strong support area on weekly as well as daily and this is a short as well as a long opportunity depending on yourself. Could see some...
I rode the uptrend of this pair from the previous support of 111.843, and sold it at the doji at the top. The next session forms a 'dark cloud cover' which signals a bearish reversal. The following dojis suggest unclear signals, hence i waited for a confirm of a bearish reversal. MACD is also showing signs of slowing momentum and a potential crossover. Stochastic...
If the structure formation breaks successfully go for short more than 200 pip price will fall, however target is open
Hello, colleagues It's pretty simple, it's second entry so check out an initial idea. We want to see if Fibo works)) TP around 110.60(50% correction) with a potential for 100 pips more(61.8% and a volume) Keep safe and good luck
quick 100 pips here, looking for another touch of the triple box for price to reject the 50 EMA, descending trend line as well as past structure to take a short here. 100 PIP GAIN 5/1 RR
Head & Shoulders pattern looks real and currently we are seeing price managed to break the trendline support, momentum bearish candle formed from previous daily candle closed indicate that price might continue to go lower **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
Looks like a Head & Shoulder is forming on the pair. Neckline was broken but I will wait for daily close to confirm the SHORT position.
CHFJPY broke today the ascending channel, tested at the 60 min chart. if the daily candle closes like this, we can expect some more downside movement and see the levels 1.10 insight. With the coronavirus in mind, it can push the nikkei225 up and push down the JPY pairs.
Boom! Looks like volatility is coming back to the markets! We are gaining some good proifts on selling the DAX and buying XAUUSD... but its probabily time to get us some JPY too! The daily chart on CHFJPY shows a possible head & shoulders pattern and indicates a strong possiblity that a reversal and retest of key support is due. A video follow up is coming...