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Chfjpyforecast

CHFJPY What happens next?!This is an interesting one, in which I'm not sure of a long term direction with this one. I maintain a bearish bias for the next couple of weeks as I can't see the 112 level being broken just yet, so I may potentially enter a short trade after confirmation of a rejection at this level of resistance. I did also use fib retracement levels to help measure the pullback, but removed this from the chart to keep it tidy. However, where price will go after that I am not sure. If you trade this as an Elliot Wave, there could be a 3rd impulse wave driving price higher. My instinct tells me it will drive up to the 113 level again before another pullback but I guess we shall see! Still, if this first prediction comes off, there is a healthy 130 pip gain to be made! :)
by RingerFX
CHFJPY forecast on H1Plan : wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
CHFJPY forecast on dailyNote : CHFJPY is at an important resistance level now --> wait for breakout ;) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
Analysis of CHFJPY 23.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 108.00 • Take Profit Level: 107.60 (40 pips) If the price rebound from the support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 108.90 • Take Profit Level: 109.20 (30 pips) GOLD A possible long position at the breakout of the level 1508.00 USDJPY A possible long position at the breakout of the level 106.70 EURUSD A possible short position in the breakdown of the level 1.1050 GBPUSD A possible long position at the breakout of the level 1.2275
by PaxForex