CHFJPY is on a strong bullish trend playing inside a channel which is about to look for a possible retracement to the downside with a perfect breakout on the trend line/lower boundary formed. Here we expect a decent 38%-50% correction leg to be created to the downside.
Looks like we are into wave 3 of the minor wave, we are expecting a completion of the ending diagonal of the wave C of wave 4 and ten complete the upward move le 5.
hi guys; According to the 4-hour trend, the 4-hour support and resistance range seems that the trend can continue to decline and go down to the range of 164.150. In my opinion, the appropriate entry point is an area above the range of 164.958 and it is possible to go down to the mentioned range.
update SELL CHFJPY NOW ✅ STOP LOSS : 165.00 TAKE PROFIT : take profit will be when the trend comes to an end and will be shared with my vip members .. Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Dear Trader, I trust you're doing alright. CHFJPY is struggling to continue its bullish trend. This signals a possible bearish reversal. We expect the price to continue to push downwards in the coming week. Also, the Price needs to break below the static support level at 164 to confirm the bearish trend. Also, we can see the formation of a descending triangle...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Entry : 165.100 SL : 165.830 TP : 162.222 RRR : 1/3.90 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
In my previously published idea, I expressed by bearish opinion on $FOREXCOM:CHFJPY. Looking intraday at the 4-hour timeframe, my bearish sentiment has weakened. The current 164.5 lower boundary maintains an unclean hold. However, this latest price breach lower was rather weak. After price crossed below this level, it quickly traded above it within the next...
Dear Trader, I trust you're doing alright. CHFJPY is currently trading within a rectangle range. The current bias is bullish as the most recent price action is a break above the resistance level. We thus expect the price to continue upwards. On the other hand, if the price should break and trade below the current static support level, this would change our bias to...
Bearish candle FIb Implement movement at 164.952 Going toward Bullish Risk .03 (SL) 164.869 Reward 2.25 Ratio (TP) 165.78 Bought at 164.963
CHFJPY is trending in a bearish trend. The pair made a corrective leg and upon completion resumed its downward journey. Its taking rejection from a trend line. Also, a downwards parallel channel can be seen indicating continuation of a bear trend.
Hello Trader, I'm Duc Nguyen Trader From HoctradeFX With CHFJPY, i have an idea: H4 Trend: Dow And we have nice Supply zone in H4, in D1, so we can set sell limit tp R6
CHFJPY technical analysis The pair break out of the chart pattern Their is rejection of the trendline to the downside in the 30minutes timeframe The price might still retest the trendline Bias is to the downside support my work by giving me the thumbs up
Hey guys! It's Been a while, I know. I wanted to breakdown CHFJPY and talk a bit about how my trading has changed. I hope this is helpful and informative. If you find value in these kinds of videos please leave a like. Thanks 👍
CHFJPY has recently breached its trend channel, but it continues to exhibit a bullish bias. This alone is not a sufficient signal to initiate selling positions. I would prefer to observe a breakdown below the present support level, accompanied by the formation of lower lows and lower highs. This would provide a compelling opportunity to consider selling...