Ascending Triangle formed on CHF/JPY
It kind of looked like a Cup and Handle but the handle was quite V shape.
Instead I looked at the rising lows and how it hit the same highs.
Now that the price has broken up, we can expect buy side liquidity to continue.
7>21>200
RSI >50 - Bull divergence
Target 151.48
Swiss Franc/Japanese Yen wasn't able to break the resistance line successfully and made a Double Top pattern.
I expect that the Swiss Franc/Japanese Yen will go down at least to the Double Top pattern's target.
🔅Swiss Franc/Japanese Yen Analyze ( CHFJPY ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to...
( Because it will be need!! )
... and the hands-down, no-contest winner is: The Japanese Yen - and it's denominated securities.
Ohh, just off of the top of one's head;
... and just how many more clues does one require??... For real.
Nice sell Down we had as expected.
Our Shorts trades are in profit. I am expecting we can have more sell down to come.
The first potential TP will be 1.152 and 1,14. Enjoy the ride.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in...
ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
FOR BUY:
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
FOR SELL:
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO...
Hello Traders,
Here we have a Wolfe Wave pair similar to CADJPY, we hit point 5 last week and now would be a good time to short this pair using the Wolfe Wave pattern. This cancels out the previous chart I posted on CHFJPY(linked below).
Best,
Chartistry
When we posted the chart below on Friday last week at 15:15, at about same time, all related yen pairs extended upside by a minimum of 40pips. But chfjpy made only 16pips to the upside, before dropping on Sunday open by a massive 120pips. This is mind bugling considering a 40pips moves to the upside was first profit target @114.95.
