CHFJPY seems to have started its retracement. i am expecting it to retraced to Fibonacci retracement level of 0.786 as previously marked. Also Stoch RSI is rallying upward. See previous analysis PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
Pair: CHFJPY Trade : Long Time Frame : 1 Hour Strategy: Wedge DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
CHFJPY SHORT ON THE CARDS waiting for the sell before the bulls move in like, follow and comment thanks
CHF/JPY is heading for a break of the 50 EMA on the 8H chart. On the 1H chart, it has broken the 200 ema for the first time since it's bullish run. As long as the 200 EMA on the 1H chart holds strong as resistence, we can expect CHF/JPY to drop 150 pips+. *Give it 1-2 more hours for the confirmation of the move. Trade safe.
CHFJPY rallied very sharply over the past few days, for now price action is forming linear compression and momentum is weakening across the board so I am looking to short this market. Trade Safe and have a great weekend!
CHFJPY is a nice runner from the start of this week but price action seems to be struggling to the upside whereas the momentum is getting weaker as well which is suggesting a sharp sell off. If you have your trading strategy watch out for shorts. Trade Safe!
We've had a double-top, validated by the break of the neckline. Price has completed a successful break & retest and we're seeing the rejection now at .382 fib level. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Each pair in the foreign exchange market is unique. But if we carry out some conditional classification of currency pairs, then we can single out those that are prone to trend movements and those that gravitate toward movement within the the outlined range (flat). The second type includes most of the cross-rates: EURJPY, EURCHF, GBPCHF, CHFJPY, etc. And even among...
www.tradingview.com In case it hits the stop loss, 111.848 is another very strong support.
Buy Bottom of channel with 0.500 Fib support Target 118.461 - 450 pips Short stop 112.370 if breakout below channel FX:CHFJPY
If the support keeps holding, then the next TP could be 100 pips+ higher. This could definitely be a continuing pattern. For more confirmation I would suggest to wait 12 more hours. Always invest after your own analysis and money manage properly! Happy Trading!
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
CHF/JPY is currently in an important zone and a breakout to the upside would bring the currency pair higher up by about 200 pips and plus from my analysis. Always trade after your own analysis and always risk manage properly. Happy trading!
Entires @ 0.382, 0.500, 0.618 retracements of previous swing high (based on risk preference) Stops @ new low + trendline break (invalidation point) Targets @ 0.500 retracement of major previous downswing There is 3 failed tests @ 0.382 before but the newest high put the setup back in to play. Exhaustation signs in the current range should be monitored closely....
It's possible CHF/JPY may extend it's gains by 100 more pips if it holds the support level. As always, make your own analysis before investing as well as money manage properly. Happy trading! FX_IDC:CHFJPY
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
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