Swiss Franc has been bullish against the Japanese Yen from long time due to its strong economy, now the Swiss Franc is near its all time high of 168.400, which was made in October, there are two scenarios which can be, the 1st one is that it will retrace before moving up further and the levels of retracement can be 167.176 and if broken can reach up to 165.136. If...
FX:CHFJPY
As you can see that CHFJPY has created a Symmetrical Triangle in 1Hr Time frame. wait for the breakout and Take retest entry. Plan your trade accordingly....
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Buy Limit - 139.000
SL - 138.900
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Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (147.220).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as...
Hello Traders,
Hope you all are doing good!!
I expect CHFJPY to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Setup Contains:
1. Stop Hunt (Buy Side Liquidity)
2. Break of Structure
3. Returned To Orderblock
4. Created Bearish Orderflow
5. Cleared PDH at London Opening
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Hello Traders,
Hope you all are doing good!!
I expect CHFJPY to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
In 4hrs timeframe it has formed double top kind of formation and the neckline has been broken. Now the neckline is being retested again and it is facing resistance there.
One can look for the short at this point for the TP1, TP2, TP3.
CHF/JPY potential short entry trade setup : We could see a retracement to daily and 4-hourly supply zone of 142.910 - 143.714, where we will likely be looking at entering a short on this order block with targets as mentioned in chart. This is a high probability trade as the order block coincides with the fib level of 78.6/61.8 and daily resistance level. This move...
