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Chfjpylong

CHF/JPY could SHOOT UP soon!Hey tradomaniacs, looking at CHF/JPY we can see a retest of the previous falling-wedge which is likely to provide bullish confluence. The current price-zone is a nice spot to buy as bulls probably use the chance to buy the pullback of this breakout-scenario. Strong support (Look DAILY-CHART) plus previous diagonal resistance are giving us a nice entry. First rejections are the first evidence of a continuation. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
4
CHFJPY 116.83 - 0.67 % LONG IDEA * PRICE ACTION & CONTINUATIONHello everyone Here's a look at CHF / YEN from the 4H chart, hope your day is going great as we await the market open. Now the pair just had a beautiful impulse move with the bulls ranged in a bull flag possibly signalling continuation of this move broke below of structure as expected with every impulse there has to be a correction and this is where we are now. Now on this one we have two possible trigger areas aligning with structure which could both see a retest before continuation. 1. A strong RESISTANCE LEVEL now SUPPORT 2. Just below the 50% Fibonacci retracement to complete that W formation previously formed to be retested . This are area's to be monitoring price if you will be taking this one swing. TARGETS FIBONACCI EXT'S many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
1
CHFJPY - Day trade by Keltner Channel 12/8/2020Max risk: 2%. Commission: 4 JPY/trade Slippage: 2 ticks. Risk/reward: 1/1.23 Data backtest is maximum history bars of Premium account. ------------ I. How to determind a Uptrend. 1... Downtrend is confirmed when the close crossover the Keltner Upper 1. 2... Keltner Color count shows Uptrend II. How to determind a Downtrend. 1... Downtrend is confirmed when the close crossunder the Keltner Lower 1. 2... Keltner Color count shows Downtrend III. Entry is the close of candle cross the basis IV. How to calculate the Stoploss and Profit - Stop loss = close of Entry''s cande +- (atr(20)*2) - Profit = close of Entry''s cande +- "Use the link below to obtain access to this indicator" or "PM us to obtain access"
Long
by dinhchien
CHFJPY LONGI spotted a bullish 3 drive strike pattern, i'm expecting price to rise to the 115.350 area which is somewhere in between the 78% and the 61% on the fib retracement. Price is now at a pivot point, so I am now looking for a new long entry. If your trading this pair let me know what you think! Goodluck Btw I tried making the 3 drive strike pattern the exact distance as it is on babypips 1.272 is the distance between the two lows before the buy position. Feel free to leave any comments!
Long
by lobfxempire