CHF JPY upside move possible Buying above the 160.585 Stoploss 159.479 Target 162.805 Taking support on Trandline
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CHFJPY 3HOURLY CHART CHFJPY has formed a rounding top along with a Inverted Head & shoulder in the process. Short setup in place below the neckline @ 158.505 with target projected @ 154.809
CHFJPY 4 Hour Analysis (26 June 2023) 1. Price is in wedge, so breakout trade is possible 2. We can see bearish divergence with AO 3. So, we if the wedge breaks from down, we can expect a short position 4. If the wedge breaks from upside, we will wait for retest for long position
Price, on 3M Supply Distal, with ascending 3D channel. Let's see if the fall is on the cards, but if now, then when?
Disclaimer........................... The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
CHFJPY 4 Hour Analysis (13 June 2023) 1. we can see that, the trendline break retest is happening 2. so, to enter in bearish, we have to wait for a reverser sign 3. Then only we can expect a strong bearish move 4. For retest levels we can see it from Fib levels 5. For more confirmation we can use DMI oscillator or ADX oscillator.
Jun 11 I am using support and resistance as a basis for my trading. CHFJPY seems to be moving upwards based on the chart and trend line. Disclaimer........................... The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
CHFJPY 4 Hour Analysis (9 June 2023) 1. Price is in supply zone 2. we can observe price to follow a trend 3. Case 1: If price breaks the supply area, we can observe bullish but need to wait for retest 4. Case 2: If price breaks trendline, we can observe bearish move but again we need to wait for retest for entry
Dear Friends, See the CHFJPY long term Analysis as per Elliot Wave and Trend Pattern
Reasons for short buy 1. If market breaks grey zone, this indicates it wil pull back then go higher 2. Market is already in up trend so ride the continuation 3. Buy until it hits flip zone Reasons for long term sell 1. Broke daily/4hr trend line 2. Created a CHoCH(change of character) which is not shown on my chart but its there 3. As long as unit holds supply...
CHFJPY is looking bullish on the WK, possible area to go long the H4 DZ.
We saw CHFJPY Short Because, CHFJPY Make Double Top or Retest Complete.
CHFJPY Trading Ideas 1. Price just reflected Supply area 2. KL1 for Bullish break, KL2 for bearish 3. Respecting fib levels
Market now in strong level of resistance zone level, previous year of "October 1979" market price retraced this level, it's time to sell opportunity for long position trade