Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
CHFJPY-Technical analysis
⚡️price is well below the 116.00 and key resistance level
⚡️Rising wedge formation is about to end which is a clear sign of Bearish trend
⚡️Swing target would be 114.400
⚡️115.00 Area will act as barrier for...
While the SNB is a "currency manipulator" (of the first order), Japan is a wholly owned subsidiary of the BoJ. Still, it's wise to bet on the World's 3rd largest economy versus the World's Vault that is now on fire.
... and this chart is foretelling that exact story!
Hi all traders,
For CHFJPY , we can see that it has broken the trend line, im looking for more sell biased this pair.
Any buy will only happen if it break higher. But for now, i will only be sell biased for this pair till we see a momentum change.
Follow me on tradingview.
Like and share this trade idea with all your friends.
Have a nice day!
**Disclaimer: All...
The counter has made a double top pattern at the highs.
It has broken a critical support level at 115.72, which validates the double top.
Hence, we expect the pair to be bearish in the short-term.
Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: buy on correction or on breaking white line
targets: 115.7 - 115.45 - 115.1
after first target reached move ur stop to breakeven
stop: ~116.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.25
Good luck
Follow me on...
Hi all traders,
For this pair, the breakout might happen this week, so keep an eagle eye on this.
Any retest of trend line , we should be good for upwards movement.
Im buy biased for this pair. Be careful of fakeout!!!
Morning everyone!
Im looking at this trade idea for today.
Looking at it to potentially do a retracement downwards first before we see more upside to break the top.
Thank you!
Cheers and stay safe!
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a prearation for you! As always we have to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Market-Sell: 117,075
Stop-Loss: 117,290
Target 1: 116,920
Target 2: 116,725
Target 3: 116,500
Stop-Loss: 21 pips
Risk: 0,5 % - 1%
...
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!
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,
Pattern: Channel Up on 1D.
Signal: (A) Bearish as long as the price trades within the pattern, being just below the Higher High trend-line, (B) Bullish if it breaks above.
Target: (A) 111.000 (just above the lower Support), (B) 118.000 (Just below the Sept 2018 Resistance).
** Please support this idea with your likes and comments, it is the best way to keep...
