Buy CHFJPY at 116.400 SL: 115.800 TP: 117.400
... Wait for it! A SELL off of the 118.20 level will provide the optimum SHORT Entry; The Daily
The price moved over 100pips in our favour since the counter-trend opportunity (see link below for reference purposes) before what appears to be a gradual change in structure that supports completion of a Reversal pattern. Recall that I warned against factors that might disrupt the previous set-up thereby giving way for a rally continuation (see my penultimate...
CHFJPY Was trading within a range only the range was around 300 pips from 116.00 to 119.00. From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00 Sell @ 116.500 Take profit @ 115.100 Stop lose @ 116.850
Hi Traders CHF/JPY (Daily Timeframe) A high probability, entry to go SHORT is forming @ 116.154 after the market found resistance @ 117.772. Only the upward break of 117.772 would cancel this bearish scenario. Trade details: Entry: 116.154 Stop loss: 117.772 Take profit 1: 115.199 Take profit 2: 113.581 Take profit 3: 110.944 Score: 6 Strategy: Bearish Trend Reversal
This is a follow-up on my previous publication as we are yet to find a headway (see link below for reference purposes)... Recall, I mentioned in my last publication that we are in a long term uptrend situation on this pair. However, it appears the price is going through a corrective phase that might incite the much-expected rally in the nearest future. In this...
With 200 pips in our favour since my last publication, it appears we are close to another trading opportunity should the pattern transpose into expectations. What appears to be a temporary Breakout of Y118.000 on the 15th Feb 2021 reveals that there is a strong presence to buying pressure around this area and could be a level to focus on in the nearest future for...
CHFJPY Looking To Bounce BACK From ItS PreviouS DrOp:: A Nice Reversal Seems To Be In The Works... TP $ SL ON ChAT
This has had a big rejection from the resistance level and has continued down to support where it has finally slowed. I expect this to be a brief correction before continuing downwards. For an entry to a short I want to see this break the support and then retest it as resistance. Then a short can be taken with a target at the next support of 113.819
CHFJPY, Retesting breakout from a ranging market!
Big correction seen on JPY pairs today. This is back into a support level now, need to see it hold up here and there should be a very good long opportunity. Can use the 4HR and 1HR timeframes to pinpoint the best entry point, it has shown no sign of turning higher or slowing down yet but it should do soon. MACD is well above 0 so still bullish and EMA's have not...
As previously shown on a post this pair is at a resistance and is now breaking above. For an entry we want to see a retrace back to support and then a rebound upwards. I have set an initial target of 119.004 and then this can be swing traded to the following targets of 119.917 and 121.950
This is at a big monthly resistance level, it has rejected this level a number of times but I think it is likely to breakout above this soon as the price has been more stable than its previous attempts which were big spikes to this price. Price action is currently bullish as seen on MACD and EMA's, I want to see the breakout confirmed and then the support created...
I posted this earlier in the week but made an error on my chart and was targeting the wrong zone. Here, we can see price has now touched a good demand level, which meets all of my requirements for entry. We're now just waiting on price action to develop.
We longed this pair from 116.290 two weeks ago and we've now had a considerable pullback. We're looking for potential long opportunities from here.
The Bullish run that begun mid-November 2020 gets caught and sandwiched in a Bullish rectangle pattern until it finally broke out of the range last week. This development hereby gives rise to a trading opportunity that we might exploit in the coming week(s). Tendency: Uptrend ( Bullish ) Structure: Channel (Bullish rectangle) | Breakout | Supply &...