Pair broke out of the Ascending wedge giving a bearish bias. Its trending down but finding intraday support at fib 38.2, looks like temporary consolidation for the rest of the week before next leg down. Next level of support seems to coincide with fib 23.6. Long or short always use a stop loss and good luck.
Hello guys, in today’s day trading analysis of CHF/JPY, I would like to show you how to look for trading confluences and how to use them together. such a combination of trading setups helps to find very strong Supports and Resistances. On Tuesday, there was a strong sell-off on CHF/JPY. Before that sell-off, there was a nice rotation that took almost the whole...
Bearish Descending Triangle Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Thank you and Good Luck!
Momentum starting to shift into the longer term bearish trend with this break lower on structure. Put this pair on your watchlist now! Will look perfect for entries this week and next week.
Price bounce off Price Action Support and Resistance Zone
Please Support this Idea with LIKE if it is Useful.... CHFJPY price made a strong bearish move and broke below support/resistance structure, after a pullback If price reject from the resistance structure, I expect the price to move lower. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is...
price has broken out of its monthly uptrend! Price is challenging a support zone and will at least challenge 50% of the most recent high at some point. Previous high on 4 hour was broken and low is being tested now. If i see new high being created on the 5-15 min i will enter!
3 red soldiers candle stick pattern on the day chart , also price closed below support may see the yen gain some strength
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Missed the entry from the top, expecting a pull back, back to the 38 fib but wouldlike it to reject higher in the zone of 50/61 fib for an even better R:R Will be keeping a close eye on if we manage that pull back, and ride it back down
I’m liking the RR setup here. Going to start layering in some short positions.