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...
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, Retesting breakout from a ranging market!
CHFJPY has formed an acceding triangle, we either wait for a breakout or reversal. Please like and share. Also leave comments below. For clarity you may get in touch with us.
CHFJPY, price rejection due to strong monthly Resistance above!
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 &...
60pips against us since my last publication on this pair (see link below for reference purposes); Price finally touches Y117.500 zone just like it did in August 2020 to make a Double Top structure. This was met with rejection followed by Lower Lows in the latter part of last week trading session. Tendency: Downtrend ( Bearish ) Structure: Reversal...
Buy: 114,600 SL: 114,215 Target 1: 114,990 Target 2: 115,230 Target 3: 115,525 Stop-Loss: 39 pips Risk: 0,5% Risk-Reward: 2,3
CHFJPY price made a strong bearish move rejecting a Key zone around Y116.000 to propose a possible ABCD pattern in the future. Tendency: Downtrend ( Bearish ) Structure: Retracement | Supply & Demand | Harmonic (AB = CD expectations) Observation: i. Inability of Price to break above Y117.500 in Aug & Sep 2020 has led to a Reversal pattern...
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, analysis done trade setup the outcome good luck !
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 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.
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!