Hey Traders! The market recently had a strong rejection back to the previous area of sensitivity Although it's not yet certain I think it will hold and should be re-testing the previous area of resistance. Overall market direction is bullish. About 20-30 pips should be your first take profit, manage your risk. Good luck!
Ascending channel movement. After a great impulsive move we are looking for Good correction phase like fibo level 50%. Price hit the major horizontal resistance zone and ascending channel resistance is well. I am expecting local Resistance may push the price down side towards the channel support on higher time frame a great rising wedge can also be seen. This is...
Current Stance : Buy (Analysis at 4 hour) Buy trigger at 167.418 (trendline support HL),RR :1:1.18 Wait for following confirmations before buy : 1)on low time frame i.e hourly , it should be come on trendline support 2)on low time frame i.e hourly ,see bullish candles Future Stance : Short (Analysis at 4 hour) Possible reversal indication i.e down trend because...
I am looking to sell CHFJPY with 13 risk reward ratio. I am looking for a sell from 168.45 where liquidity resides, but might enter a small position here. Reasons for trade: - H1 TradeATS setup - Liquidity Grab H1
CHFJPY is trading in bullish trend as it is printing HH and HL.
CHFJPY in a 4-hour time frame is currently approaching its resistance and currently trading on its all-time high with a double top in place which is a bearish sign, we will short it after it tests the resistance line and close a bearish candle there, what do you guys think? let me know
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Hello Traders, Today, we are having a closer look at CHFJPY, which presents a promising trading opportunity. Upon analysing the daily chart, we can observe a geometric pattern resembling a diamond shape. The trade has already been initiated, and you can view it here: However, don't worry; I have more news to share with you. It's important to note that the...
This is my idea for CHFJPY. It has shown a level of resistance for a good while now and began to consolidate. It broke out of consolidation and retested the support of the consolidation box, which turned into resistance. Waiting for a breakout of the correction/pullback and closed candle on the 1H. Nothing fancy. Just the basics. The entry will be determined when...
According to the H4 frame, the price has broken the old support zone, the pressure and selling volume are large. Suitable for SELL signal to new support zone Economic news is also not very positive and too important #CHFJPY Sell Trade Setup SELL Zone: 167.500 - 167.600 TP1 at 167.200 TP2 at 161.700 TP3 at 161.300 SL at 168.000 Thanks for your support as always
Market Structure Bullish on Higher Time Frames (Weekly Daily H4) Weekly Rejection Area Daily Support Area Price is making new highs so there us no much structure to go on Around Psychological Level Daily EMA retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Patience Pays :...
Could this be a BUY for CHFJPY? From price action point of view, I see the market is still currently bullish, the market could be doing a correction and this could be the end of the correction for the market to go to upside to form a proper double top.
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As per my analysis, CHFJPY is forming a symmetrical triangle and it can move either side of the boundaries. You can plan your Buy/Sell trade according to the points mentioned below:- #CHFJPY Trade Setup Buy Above 167.890 Sell Below 167.750
Some possible confluence suggest CHFJPY could possibly short around the 168 area. A potential Gartley pattern on the daily/4 hour chart. Equal measured move/ABCD daily/ 4 hr. Even handle number at 168 even. Testing previous highs. Overbought RSI daily, so possible divergence. Could be a nice area to look at for a shorting opportunity.
The behavior of the yen price against the franc has been accompanied by 30% waves of growth and correction. The price is now in the range of 170 and we see the price divergence in weekly time. Maybe the price will react to this area like before and we will experience a correction up to the 140 range. Good luck.