CHF/JPY Technical analysisCHF/JPY, after a steep fall, consolidated in a tight range.
After consolidation, it made a bullish breakout which hints a trend reversal.
Hence, we expect the pair to move to the resistance at 111.137.
CHFJPY trade ideas
CHFJPY: Descending Trend Possible Profits.Hello,
Given the repeated failure of CHFJPY to conquer five-week long resistance lines, the pair is likely to decline to 109.45 and 108.95 supports for now; however, 108.20 could limit the quota's downside to 108.95, if not 108.45 & 107.60 could regain market attention. If the trading to the south continues at all prices below 107.60, the recent low around 106.35 and 106.00 could please the sellers. Meanwhile, successful clearance of 110.05 can trigger the pair to recover to 110.60 and then to the 111.25-35 resistance region. In addition, the successful rally beyond 111.35 allows pairs to target 112.00 and 112.80-90 levels to the north.
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Supply and Demand Strategic CHFJPY ShortI think this pair is going short in the specific supply zone. I expect that the price arrive this area and drop. the risk reward is 1:3. Very important is control the risk always and the size of the position following the trading plan.
Suppy and Demand zone strategic. CHFJPY SELLI think this pair is going short in the specific supply zone. I expect that the price arrive this area and drop. the risk reward is 1:3. Very important is control the risk always and the size of the position following the trading plan.
BUY CHFJPY FOR WEEKLEY INCOME TRADER.-
ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
DATE -14/10/2018
BUY ENTRY 1 - 112.590
BUY ENTRY 2 - 112.058
STOPLOSS-111.670
TARGET 1 - 113.116
TARGET 2 - 113.626
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Happy trading.
THANK YOU
HOW WEEKLEY WIT SIGNAL IS VALID
FOR DAILY INCOME TRADER(DIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS THE ENTRY
2,ONCE PAIR CROSSED 10 PIPS,MOVE YOUR TRAILING STOPLOSS TO 2 BREAKEVEN OR ENTRY
3, WAIT FOR TARGET OR EXIT AT YOUR OWN COMFORT
MONEY MANAGEMENT RULES
Let’s say, If you have 1000 USD trading balance, you can use Maximum 0.10 lot (0.02+0.03+0.05 = 0.10 lot is the addition of all your open trade lot sizes).
0.10 lot should be your maximum open lot on your 1000$ trading account.
10,000 USD balance = 1 lot maximum (Example : 0.25 lot x 4 orders = 1 lot)
50,000 USD balance = 5 lot maximum (Example : 1 lot x 5 orders = 5 lot)
If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions.
*SUBJECTED TO MARKET RISK
Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena.
Personally, I like to use a system that has the highest reward to risk, which means that I tend to look for turning points at support and resistance levels because these are the points where it is easiest to identify and quantify the risk. Support is not always strong enough to stop a falling market, nor is resistance always strong enough to turn back an advance in prices. However, a system can be built around the concept of support and resistance to give a trader the edge required to be profitable.
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TEAM FXSIGNAL]
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
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
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= Free
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.
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= @ Free
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.
chfjpy sell setup1. hitted major s/r
2. wwekly stoch over bought
3. potential bat pattern
4. break out frm h1
