This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPY failed to renew the recent low and is moving near the psychological level of 167.000.
The chart is forming a rounded bottom, which indicates an imminent reversal of the price direction.
We expect a correction of the price drop after the chart fixes the nearest level.
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Share your opinion in the comments and support the idea with like....
The price has been moving in the Descending channel for more than a month. March 27 - the price reached the lower level of the channel, which gave the mood to BUY. However, on the way we have a strong level - 167.280. This zone will slow down the price.
But yesterday the price still consolidated at this level. This means that now she has enough strength to take...
DAILY
- Price went to daily zone of interest (SD)
- Rejection candle / doji
- Bearish MS
WEEKLY
- Bearish W / HS/ IC
- SD zone
4 HOUR
- Head and shoulders
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 168.64
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 168.08
Safe Stop Loss - 168.96
About Used Indicators:
The...
CHFJPY is ranging since 5th April with no clear series of HH and LL's. one can enter in the trade if range is broken on either sides. Significant levels are marked on the chart.
Entries to be taken either at R2 or S2
Overview:
In recent analysis, the CHFJPY pair has shown signs of potential upward momentum. However, while bullish sentiment may prevail, it's essential to exercise caution due to the possibility of retracements, or even deep retracements, along the way.
Reasons for Upward Momentum:
Safe-Haven Dynamics: The Swiss Franc (CHF) and Japanese Yen (JPY) are both...
Monthly timeframe
- Bullish market structure
- Bullish M not completed yet
- Targeting the 172.000 region
Weekly timeframe
- Bullish market structure
- Shoulder 1 of the failed head and shoulders is now being used as support (failed first time break)
- Bullish fib got activated
- Bullish indicational candle
Daily timeframe
- Last daily low doesn't break
-...
8.42pm - 9.10pm
learned many lessons today
-maybe I should just take 2 trades a day, I have a minor gambling addiction
-NO HESITATION PLSSSSSS
-stop. trading. after. your. gut. tells. you. to. or. after. you. took. enough. trades
PnL: +0 pips - couldve been a +2RR day tho
Ill take the weekend to reflect cause I NEED to lock in so bad - distractions while...
Waiting for a possible entry. Looking at the recent movement , price has been making higher highs and higher lows on the daily time frame. Chart patterns like Harmonic Bat pattern and AB=CD pattern could be a likely confirmation for our bias. Waiting for price to retest our recent support at 167.078
Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak.
News are on standby, so it should go according to plan.
