Chfjpyanalysis
CHFJPY buy on H1Plan : wait for price to bounce off from horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**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.
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Thank you for your support ;)
GWBFX
CHFJPY - Short Timeshould be waiting for the invalidation level to get a sell position.
Let see what happens!
Cheers! ;)
CHFJPY Elliot Wave Trade Idea In the CHFJPY chart above, price is making a bearish (a)-(b)-(c) corrective pattern after the completion of a bullish five-wave impulse.
The corrective pattern will most likely unfold as a zigzag based on the current structure of the decline. I'm expecting a sell-off in wave v to complete five-wave impulse in (a), followed by a corrective pattern in (b), then I will look to go short wave (c).
I'm anticipating wave (a) to terminate at the ascending trendline support, so I will take a short-term sell entry at the market open.
Here is my previous analysis on CHFJPY:
CHFJPY long trade update on H1Plan : wait for price to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**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
CHFJPY trade idea on H1Plan : trendline breakout --> wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**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
CHF/JPY: Follow the trend and where you can BUY!Hey tradomaniacs,
waiting for CHF/JPY to retest an area of high bullish confluence to follow the trend before I buy.
This might be a great opportunity to get a low price right at the trendchannel and horizontal support-zone.
Type: Swingtrade
Market Buy: 111,850
Stop-Loss: 110,895
Target 1: 113,045
Target 2: 113,530
Target 3: 114,320
Stop-Loss: 95.5 pips
Risk: 1.2%
Risk-Reward: 2,65
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CHFJPY is in bearish ModeAs we can see that CHFJPY has rejected it's resistance line from above side and also made bearish engulf candle, which indicate us of strong bearish mode.
Let's check if Fibo worksAfter strong move higher I'm expecting at least half way correction. 1st take profit at 31.8% correction at around 112.00 area. Pullback after is also expected. Target 61.8% correction at around 110.00. we already trying to sell CHF in linked idea.
CHFJPY - Short Opportunity I think wave 5 is going to end with an ending diagonal, the ABCDE pattern is already completed and now we can go for a short position.
Let see what happens next, I'll update this chart soon.
cheers ;)
