strong uptrend,
chart is inside the channel , waitng for: channel upline resistance
i have 3 plan
1 - risk entry sell
2- channel breakout restest short
3 following trend 0 support line buy
Just a quick update on today's SELL idea on the CHFJPY we just got a confirmation 30 SELL signal on the indocator at 149.500 as explained iit the early post that we would enter on the first signal above 149.
A Bearish-type big BlackSwan pattern occurred.
Also on the weekly chart, Bearish-type BlackSwan pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns is automatically detected using the indicators below.
- Harmonic auto-detect PRO
Today I will be looking to SELL the CHFPY above 149 on any 15min or 30min signal on my Price action signal indicator and will target Friday's low or lower at 147.5.
The reason behind this trade is I am expecting a correction to start occuring very very soon both short term and long term if you look at both the RSI and Stochcastic indictaors all the major...
This pair has exploded upwards and needs a correction to the downside.
It is massively overbought on W1, Daily, H4.
H4 is showing divergence.
The resistance at 148.85 is very strong and there is a nice harmonic pattern.
Target 1 is about 500 pips away with an 80 pip SL.
Big drop coming from the very top of the channel.
Queen Elizabeth the 2nd passed away , other 15 countries heard the news and Queen to those country will be changing since the King Charles the 3rd will be taking over.
The whole entire British forex currency will be dropping after hearing the news Rest In Peace we will never forget you.
Anyhow big drop , crash...
Data shows there is thousands of long positions on swiss frank currency closed on Friday while the close of sell positions was way too less than long positions , and this by it is own is bearish for swiss frank
The CHF JPY is in uptrend, moving above strong monthly resistance , and we pass the point where we can say the price may continue to go up without a pullback( i am talking about the last couple of days when price kept going up ) , technically and fundamentaly the pullback will start this monday when market is open, the client sentiment is mostly bearish but...
Hello friends, I hope you are well
In continuation of the previous analysis that the time was long
Now, in the smaller time frame, I think the structure is like this
I only have my opinion
Good luck
Hello friends, I hope you are well
For me, the chart looks like this, that the price is at the ceiling of the channel
And it can move down
As it is known, it can continue until the demand level for the bottom, and the midline of the channel is precisely determined
In addition, a red hammer candlestick can be seen in the daily time frame, but it has not been...
on the MN chart (yearly overview) CHFJPY has been on a strong bullish run making small retracements on its way to the moon also making several market pauses(demand CPs)
price reached an ATH on '01 Jan 2015' @ 138.920, on '01 Jun 2022' after 7 years price pierced through the ATH with a strong bullish candlestick of +6.00% printing a new ATH @ 143.756 which is the...
CHFJPY Bullish. Break in structure on the 4hr timeframe to the upside.
General bias was bullish
waited for a retracement back into the zone
confirmation on ltf
