short ...market retrace 50% retracement 50ma resistance and this also over retest area...Shortby kakkar0
CHFJPY: WEEKLY ANALYSIS: STRONG SELLChfjpy looks like a strong breakout pullback setup clearly represented by a red trendline wherein a strong support is broken and retested again as a resistance with a candlestick confirmation popularly known as bearish pinbar . The whole area represented by pink colour is a strong confluence resistance zone wherein the 200 EMA is also coinciding with the trendline and the pinbar closing is also below 38.2% fibonacci level. All the above things are coinciding at the same area representing it as a strong resistance zone . As this trade is in a weekly timeframe , so its mainly directional based. Long term traders can take this trade and can keep trailing their stoploss till the target is acheived whereas short term traders can trade in the same direction along with booking small profits everytime. Personally i prefer entering and exiting in 4hr timeframe after deciding the direction in weekly timeframe Shortby Hexaurum_Learning_LLP0
CHFJPY: WEEKLY ANALYSIS: STRONG SELLChfjpy looks like a strong breakout pullback setup clearly represented by a red trendline wherein a strong support is broken and retested again as a resistance with a candlestick confirmation popularly known as bearish pinbar. The whole area represented by pink colour is a strong confluence resistance zone wherein the 200 EMA is also coinciding with the trendline and the pinbar closing is also below 38.2% fibonacci level. All the above things are coinciding at the same area representing it as a strong resistance zone. As this trade is in a weekly timeframe, so its mainly directional based. Long term traders can take this trade and can keep trailing their stoploss till the target is acheived whereas short term traders can trade in the same direction along with booking small profits everytime. Personally i prefer entering and exiting in 4 hr timeframe after deciding the direction in weekly timeframe Shortby Sneha_Tr0
There is a good opportunity to buy in CHFJPYMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 108.35 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented price from more losses. The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 108.50 on 05/08/2018, so more gains to resistance(s) 111.55, 112.25, 113.40 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 61. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (110.30 to 108.35), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (110.30) Ending of entry zone (108.35) Take Profits: TP1= @ 111.55 TP2= @ 112.25 TP3= @ 113.40 TP4= @ 114.70 TP5= @ 116.45 TP6= @ 117.35 TP7= @ 118.55 TP8= @ 122.00 TP9= @ 125.80 TP10= @ 134.60 TP11= FreeLongby ForecastCityUpdated 0
CHFJPY look good to buy with very small riskCHFJPY break the near resistance and holding by buyer its not very good setup but we can take with very small sl if we right will get very good RRR.Longby MarketNeeti0
A Second Chance to Sell in CHFJPY ...New trading suggestion: There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the level 110.30 is not broken, the Midterm wave will be downtrend. Price may also reach 110.30, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 110.30 is broken. Trade Setup: We opened 9 SELL trade(s) @ 115.75 (day close price) based on 'Two-day reversal candle ( 2-day Shooting Star )' at 02.09.2018 signaled by our "Daily Trading Opportunity". Total Profit: 5240pip Closed trade(s): 1130 pip Profit Open trade(s): 4110 pip Profit Closed Profit: TP1 @ 113.40 touched at 02.28.2018 with 235 pip Profit. TP2 @ 112.25 touched at 03.07.2018 with 350 pip Profit. TP3 @ 110.30 touched at 04.20.2018 with 545 pip Profit. 235 + 350 + 545 = 1130 Open Profit: Profit for one trade is 115.75(open price) - 108.90(current price) = 685 pip 6 trade(s) still open, therefore total profit for open trade(s) is 685 x 6 = 4110 pip Take Profits: TP4= @ 108.35 TP5= @ 105.90 TP6= @ 104.15 TP7= @ 101.80 TP8= @ 100.00 TP9= @ FreeShortby ForecastCity4
CHFJPY , TP2= 113.4 hit , Profit:174 pip , Total Profit:1023 pipFOLLOW US to HUNT with US by TREND HUNTER STRATEGY! Total Profit: 1023 pip Closed trade(s): 223 pip Profit Open trade(s): 800 pip Profit Trade Setup: We opened 10 SELL trade(s) @ 115.14 based on 'Two-day reversal candle( Shooting Star )' entry method at 2017.10.23. Closed Profit: TP1 @ 114.65 touched at 2017.10.26 with 49 pip Profit. TP2 @ 113.40 touched at 2017.10.31 with 174 pip Profit. 49 + 174 = 223 pip Open Profit: Profit for one trade is 115.14(open price) - 114.14(current price) = 100 pip 8 trade(s) still open, therefore total profit for open trade(s) is 100 x 8 = 800 pip Take Profits: TP3= @112.25 TP4= @110.30 TP5= @108.35 TP6= @105.90 TP7= @104.15 TP8= @101.80 TP9= @100.00 TP10= Free Trading suggestion: There is possibility of temporary retracement to suggested resistance zone (115.30 to 116.40), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (115.30) .Ending of entry zone (116.40) Technical analysis: .A vale is formed in daily chart at 114.40 on Mon, 10/16/2017, so more gains to resistance(s) 114.65, 114.40 and maximum to resistance zone (115.30 to 116.40) is expected. .Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. .Relative strength index ( RSI ) is 40. .Current short-term is range bound, but beginning of downtrend is expected.Shortby ForecastCityUpdated 5
chfjpy sell setup1. hitted major s/r 2. wwekly stoch over bought 3. potential bat pattern 4. break out frm h1Shortby BLKS0