CHFJPY
CHFJPY Trading Plan - 16/May/2022Hello Traders,
Hope you all are doing good!!
I expect CHFJPY to go up after this correction.
Look for your BUY 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 evolve anytime, hence, always do your analysis and learn trade management before following any idea
💡Don't miss the great buy opportunity in CHFJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (133.01).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 134.93
TP2= @ 136.25
TP3= @ 138.07
TP4= @ 139.56
TP5= @ 141.65
SL= Break below S2
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💡Don't miss the great buy opportunity in CHFJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (125.13).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 125.67
TP2= @ 126.00
TP3= @ 126.31
TP4= @ 126.70
TP5= @ 127.07
SL= Break below S2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (125.43).
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 a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 124. 01
TP2= @ 123.59
TP3= @ 122.79
TP4= @ 122.32
TP5= @ 121.50
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119.01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
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ForecastCity English Support Team ❤️
sell side chfjpyHello guys i had find this setup in 4h timeframe which is in downtrend and come for retracement we have a good setup here to trade with high RR we can sell here with above swing high sl and near support tg also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow
LONG THE EARLY BIRDDaily break and retest - confirms uptrend
4H my preferred entry zone. double bottom formed at the demand zone . broke and waiting for 2nd retest.
Take profit 1 and 2 are set at 90.880 (TP1) and 91.180 (TP2)
Sl will be 5 pips below previous LH, will be adjusted at retracement if need be.
Good Luck and Risk safe, don't gamble, even a perfect setup can fail.
My personal risk is 1 to 3% per trade.
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (117.59).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 116.60
TP2= @ 116.25
TP3= @ 115.71
TP4= @ 114.90
TP5= @ 113.75
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️