English : Still no bearish sign at this pair, bullish will continue to reach target at 122.83 this week.
If uptrendline break down, bearish target at support level at 119.20
Indonesian : Masih belum ada tanda bearish pada pair ini, bullish akan berlanjut kelevel 122.83.
Apabila terjadi break trendline, maka koreksi maximal ke support dilevel 119.20
Analisa...
English : bullish target this week at 120.50
We can see head and shoulders pattern perform, and if neckline break down, bearish target will be at classic support and resistance at 117.00
Bullish target pada minggu ini berada dilevel 120.50
Bisa diperhatkan adanya pembentukan head and shoulders pattern, apabila terjadi breakdown neckline maka target bearish hanya...
My Trade:
Put the S/L few pips over this resistance line and let it ride. Insanely good Risk/Reward in my opinion. Probably a 1-2 month hold for these targets.
First Target: 116.36
Second Target: 112.23
Similar setup to my GBPJPY trade, risk/reward looks very good in this one.
Stop one ATR over the entry, price already breached the previous highest low bouncing off a strong resistance zone.
I'll cover once price hits my targets, setting up a break even stop after hitting the first target, or reaching CCI values below -100-200.
Trade safe gents,
Ivan.
Bullish target for CHFJPY at 114.77,
but pay attention on resistance 1 at 114.09 if this level can hold uptrend and create reversal, bearish target at 112.26 as support level
With price moving down for 4 consective weeks, I have joined in the short.
However, current price is a bit low on short,
Price seems to be currently forming a small channel.
I hope i am not shorting into support, in which I believe this support is meant to be broken in due time.
It seems to be the neckline of a large 1 yr descending triangle.
Our Unique Forex Algorithm is looking at CHFJPY. This pair has seen a recent pullback from its move up over the past few weeks. This pullback may have put in a short-term bottom and may be setting up for a move higher. Please refer to the chart for more information.
Limit your greed ! and be a part of us when we turn 400 USD into 40.000 USD. The challenge starts 2014-09-18 !!! All trades will be available through our daily analysis and trading journal ! www.tradingwhales.com
Limit your greed ! and be a part of us when we turn 400 USD into 40.000 USD. The challenge starts 2014-09-18 !!! All trades will be available through our daily analysis and trading journal ! www.tradingwhales.com
This link () shows side-by-side chart with weekly on left panel and 4-hour on the right panel. Price is moving up and through the weekly Kumo and is looking at good support here. CMO suggests 4-hour is oversold within the context of strong larger trend.
CHF/JPY is consolidating in a controlled pattern, but more importantly the chart is telling a very detailed story that will help us determine where it could potentially go. With that being said, I believe the CHF/JPY wants to continue to go higher.
All in all this chart is a fairly clean bull flag, but what has happened inside the flag is what really catches my...
