the pair is breaking to the downside after a corrective move to the top trend line of the larger degree downtrend providing a nice opportunity to short it after a confirmation of break.
late to the party but the order is open in case we get a pull-back
Hi traders, For this pair I am looking at a short entry at 118.3 area. Previous support & resistance Trendline 1.618 fib of the most recent swing on lower timeframe (see below in comments) Completed AB=CD pattern (see below in comments) Entry: 118.3 Stop: 119.3 Target 1: 116.46 Target 2: 114.33 Best of luck!
Similar to CADJPY, CHFJPY also completed a Wolfe Wave at 5'. Now looking at the Geo Off-Set Rule at point 4 as a target. For detailed analysis and teachings of the Geo Off-Set rule please visit: www.tradingview.com
Currency on channel... wathing close!!! If this analysis makes sense to you give me a like and share with your friends. Thank you and good trades !!! *DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style....
possible bat on chfjpy. tp1: 38% and tp2 61% sl: 20 pips under x point
BAT PATTERN FORMED INSIDE DESENDING TRIANGLE, HOPING TO SEE A REVERASAL FROM THE UPPER TREND LINE WHICH CAN ACT AS A NEW X - A LEG FOR A NEW ADVANCED PATTERN, DECLINE OF THE MOVEMENT IS 177.50, IF THE MARKET EXCEEDS THIS POINT I'LL BE OUT. SHORT ACCORDING TO RISK MANAGEMENT REFERENCE: @DAKIK (Didn't notice this movement until they mentioned it, good shout)
GARTLEY PATTERNED FORMED, IF THE TREND LINE GETRS BROKEN IT SHOULD GO TOWARDS THE NEXT SUPPORT, OR IT CAN BOUNCE OFF THE TL AND HIT THE RESISTANCE TP : 115.60 STOP: 116.15
Hi all, On this great pair we can see a bat pattern forming. Targets are based on the 38.2 and 61.8 fib. Entry: 114.657 Stop: 114.487 (Potential loss EUR 15 or 1.5%) Target 1: 114.915 (Potential gains of EUR 25 or 2.5%) Target 2: 115.074 (Potential gains of EUR 41 or 4.1%) Lotsize on this trade: 0.1...
Hello, After the completion of 5-wolfe waves, I entered long at market with SL 114.1 on a daily close Good luck Josep Pocalles
overall.. im going in with a lil bit of chips becuz the swiss days are over & this technical come up. also despite BOJ saying inflation expectation is lower.. it kept rates unchanged & will be looking towards Kuroda's statement this thursday