CHFJPY Falling Wedge + Strong ResistanceI'd say 70% success rate or so on the short. strong resistance + falling wedge.
Chfjpylong
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) and a breakout below our intermediate support at 111.02 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target.
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) and a breakout below our intermediate support at 111.02 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target.
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.28 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 111.04 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) might provide the bearish acceleration to our major support level.
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY getting ready for a bullish move?The chart patterns present on the CHFJPY Daily tf are shown in this analysis with an inverted, complex Head and shoulder pattern (or inverted, complex Head and shoulders bottom) captured in this analysis between March 23, 2018 and till present date.
A close above the neckline at ~112.21 confirms the pattern. Distance from the neckline (112.21) can be subtracted from the pivot used for the Head and then added to 112.21 on a break above the neckline to determine a likely end point for the bullish move based on the pattern (i.e. inverted, complex Head and shoulders bottom).
Also shown in this analysis is a bullish price channel (in black) color that should be paid attention to as it also can be useful in determining resistance or supply area in the CHFJPY.
CHFJPY BUY (TARGET 1: +124 PIPS & TARGET 2: +215 PIPS)If you like what you see, please like and follow me BELOW!
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CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.26 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
RSI (55) is also approaching our major support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance where a reaction below the level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is approaching resistance we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY Possible Long Swing Trade!FX:CHFJPY on daily is forming an ascending triangle . Yesterday price went through the triangle up-trend line but It didn't closed below which is a good sign!
If everything goes well my entry on this one will be around 111.800 and will be exiting around Technical Traget. Keep in mind that is always better to miss some pips and wait for the conformation! The same goes when you exit, If price will close above the technical traget with ease, I'll just move stop loss and lock profit around that traget (I prefer moving stop losses when market gives you some structure..)
Trade set up :
- Entry : 111.800
- TT (or further, depends on price action!) : 115.120
- Stop loss : 110.715
-->Risk/Reward Ratio : 3.
Have a nice weekend!
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.28 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce could occur above this level, pushing price up to our major resistance at 11.42 (horizonal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension)
Stochastic (55,5,3) is also bouncing off our support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFJPY Bullish Harmonic Trade Long OpportunityAs shown in the chart
Targets 111.100 and 11.1.390
Good Luck
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CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 111.16 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.24 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
