Yesterday this pair was explained and expected to turn at 108.614 which it did not reach that particular with just a few pips away but currently doing what was expected in technical terms if we refer to the chart, we can get an understanding of what's happening with the price. It was explained that 108.614 will be our target price if we sold the pair that instant...
This article will focus on technical terms, it seems that sellers are slowly losing momentum on this pair, recently breaking the bullish trend line and never coming back to kiss it. To take advantage of this trade the moment you see, I will personally suggest you go short on it to 108.614 and having your stop loss at 109.253 and this is not only a suggestion but...
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Trading negotiations between the US and China have placed the Japanese currencyunder pressure. Japanese household spending on Thursday the 9-th rose (the fact is+2,1% against the forecasted +1,7%).
Right now, the Swiss franc is rising against the Japanese currency. Is it time for a fullcorrection or it’s just a ‘bearish flag’?
1D TF - price...
Welcome to this analysis guys on todays bank holiday.
We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested.
The retest happened with a pin bar or a so called wick. A good indicator about a trend change.
My favorite divergence is also in place.
It is still possible to enter...
Hope this idea helps!
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CHFJPY has been rejecting the 109.50 area and has broken a CTL in the SELL zone the next support area is around the 106.50-106.00 area which was the low from the flash crash last December. Stop should be place above the pivot level but overall great risk to reward 1:5.
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CHFJPY FOREX BREAKDOWN 08 MAY 2019
Found a support right now, we need a market turn!
Bearish market for a couple of days turning bullish now.
Strong Support can hold right now, looking for upside momentum!
ENTRY @ 108.200
SL @ 107.610
TP @ 111.200
(Use normal Risk!)