CHFJPY for a deeper retracement? 🦐CHFJPY on the daily chart is testing the daily support.
The price after a strong bullish impulse can retrace to the lower support and according to Plancton's strategy if the market will break below and satisfy the ACADEMY rules we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Chf-jpy
CHFJPY is on bearish momentum!|19 Nov 2021Prices are on a bearish momentum and have recently broken out of our descending trendline. We see potential for dips from our 1st resistance at 123.433 in line with 61.8% Fibonacci retracement, 61.8 Fibonacci extension and graphical overlap towards our 1st support at 123.012 in line with 61.8% Fibonacci retracement and graphical overlap. Alternatively, our stop loss will be placed at 2nd resistance at 123.689 in line with 78.6%, 38.2% Fibonacci retracement and 78.6% Fibonacci extension. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CHFJPY Potential for bounce! | 18 Nov 2021Prices are abiding to a bearish trendline . We spot a potential sell entry at 80.299 which is an area of Fibonacci confluences towards our Take Profit at 79.763 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CHFJPY is on a bearish momentum!| 16 Nov 2021Price is on a bearish momentum. We spot a potential sell entry at 123.516 in line with 23.6% Fibonacci retracement towards our Take Profit at 122.771 in line with 78.6% Fibonacci extension and 161.8% Fibonacci extension. Technical indicators are showing bearish momentum. Alternatively, our stop loss will be placed at 123.872 in line with 50% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CHFJPY bearish momentum | 15th Nov 2021Price is abiding to descending trendline resistance, signifying a bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with 61.8% projection. Our bearish bias is further supported by the price holding below the Ichimoku cloud.
not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
CHFJPY on dailyOANDA:CHFJPY
Hey guys
So about CHFJPY we see that in long term it's moving in an ascending channel
- now we are in the top of channel and as we expected price touched there and started falling
+ there's a bearish head and shoulders pattern in 4h which makes price to keep falling more .
the support zones in front of us are :
122.550
121.200
120.620
what's your opinion guys ?? mention it in comments !
CHFJPY | HIT SHORTCHFJPY | HIT SHORT
CHFJPY after making a swing high, turns into distribution,
It made a famous Head & Shoulder Pattern
One can attempt to short here
Sell: 123.381
SL: 124.500
TP: 121.250
Tell us what do you think about the pair in comment section
||Trade Trio || Stocks | Crypto | Commodity | Forex
CHFJPY on a h&s pattern 🦐CHFJPY on the 4h chart is creating an h&s patter at the top of a bullish trend.
The price is trading over the neckline and according to Plancton's strategy if the market will break below and the ACADEMY conditions will be satisfied we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
CHF/JPY Short SetupHello Traders
We believe CHF\JPY is going to fall.
Reasons:
1- broken short term upward trendline.
2- RSI is going down (RD-).
3- Double top formation.
Targets are shown in chart.
*- This setup will be invalidate, if price go up and close above 124.620.
Thanks for Reading
Team Fortuna
-RC
Possible trend shift in CHFJPY – going longSignal ID: 78221
Time Issued: Wednesday, 10 November 2021 19:00:15 GMT
Status: open
Entry: 123.852 - 124.236
Limit: N/A
Stop Loss: 123.277
The Tidal Shift Strategy has just bought CHFJPY at 124.044. The system recommends entering this trade at any price between 123.852 and 124.236. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -16.847, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.153, so the stop loss has been set at 123.277. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Possible trend shift in CHFJPY – going long Signal ID: 78221
Time Issued: Wednesday, 10 November 2021 19:00:15 GMT
Status: open
Entry: 123.852 - 124.236
Limit: N/A
Stop Loss: 123.277
The Tidal Shift Strategy has just bought CHFJPY at 124.044. The system recommends entering this trade at any price between 123.852 and 124.236. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -16.847, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.153, so the stop loss has been set at 123.277. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
CHFJPY potential for further downside| 11th Nov Price is at the buy entry price of 124.236 which is also 23.6% Fibonacci retracement and 100% Fibonacci projection. Price can potentially go to the take profit level of 125.496 which is also the graphical swing high level. Our bullish bias is supported by the RSI indicator as it is on the ascending trendline.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
CHFJPY: Bearish Move Started?! 🇨🇭🇯🇵
Last week we spotted a major rising parallel channel on weekly.
As you remember, a bearish move was expected after a touch of its resistance.
This morning we see multiple bearish clues on intraday time frames.
On 4H the price formed a head and shoulders pattern;
broke and closed below a rising trend line and violated a horizontal neckline to the downside as well.
Now I expect a bearish continuation.
Goals:
123.55
122.8
❤️Please, support this idea with like and comment!❤️
CHFJPYHere is the chart of CHFJPY
Last time we made 500+ pips and this time looking for one more bigger move approx 1000pips
reasons behind this trade :-
1: there is years of strong support
2: there is monthly support
3: index is going to show in weakness in upcoming days(my perspective)
4. We are going to take this trade of breakout
Thank you ❣️ peace
Waiting for the opportunity to sell with CHFJPYH1 time frame.
Structure: The uptrend was broken after the price completed the head and shoulders pattern and broke the Key level at 123.600.
Here is the confirmation of the downtrend, waiting for the price to pull back to test the trendline and sell opportunities at 124.000.
The profit target is the price zone of 122.600.
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Wish you all have a good trading day!
CHFJPY , WAITING FOR SHORTING CHANCE ?we are clearly at a ranging market at the inter day trading time frame .What we will be looking for once the market has opened over , is the break of this particular structure and a CRYSTAL CLEAR retest , and we will be looking for a chance to enter the market on either directions (as the market does whatever it wants )
my personal bias is on the sells for the forth coming week as the higher time frame structure . we are looking at a reach that has hit the higher time frame structure -resistance - trendline
CHFJPY SHORT 500pips!Hello traders, today I will be sharing an idea from my phone for the first time.
Here we have a CHFJPY short trade idea. With a insane TP of 500 pips.
This trade has an insane Risk:Reward of 16.67 which is insane for such small risk.
Please like and follow if you want to see more ideas just like this!
Make sure to check out my awesome other ideas below!
Happy trading!
CHFJPY facing bearish pressure, drop incoming!CHFJPY is approaching the upper resistance of the ascending price channel in line with 1st resistance at 121.675 in line with Horizontal swing high and 100% Fibonacci extension . Price is likely to reverse off from 1st resistance at 121.675 in line with Horizontal swing high and 100% Fibonacci extension to take 1st support at 120.242 in line with 23.6% Fibonacci retracement and 78.6% Fibonacci extension level. Our bearish bias is further supported by how Stochastic is approaching resistance where price dropped in the past. Otherwise price may bullish towards 2nd resistance at 122.506 in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension .
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.