Buy Yen and if prices drops to 112.50, the better.
After careful analysis and chart pattern recognition I have identified an opportunity to take a short position on this ChfJpy currency pair. I have spotted a daily resistance equal to the weekly resistance level. Some consolidation is seen between the 114.400 - 113.800 levels. I stand firm with a 11.200 target #1 and another 110.00 target #2
CHFJPY make flag pattern and also break flag pattern now retest the flag pattern breakout line and possible its going down to expected target trade with care and happy trading Asad Ullah
Seems like bulls can't break through this resistance level and has made multiple tops as a result. The bullish momentum from which this came from has been made too intensely and the bulls seem exhausted (or some may already be taking profits at this level) as shown by the decreasing volume. Several reversal candle signals are visible such as the Bearish...
Hi guys, just to let you know why i'm shorting this pair, price has reached a key structure level (blue line) and here it's formed a nice double top with RSI divergence. Stops above the highs, target1 and 2 as displayed in the chart. If you want to ask questions or share your view, comment below. Otherwise, see you in the next chart!
Hi guys, just to let you know why i'm shorting this pair, price has reached a key structure level (blue line) and here it's formed a nice double top with RSI divergence. Stops above the highs, target1 and 2 as displayed in the chart. If you want to ask questions or share your view, comment below. Otherwise, see you in the next chart!
The market is trading just below a trend line (the centre of the channel) dating back to the 3rd of the month. Momentum has been holding below the .3899 level. A break of the .3899 on momentum and the centre line of the channel on the market price will open up a long position aiming for the 114.20 area.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron