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Chfjpylong

CHF/JPY Potential Upward Movement 🚀 Technical Analysis: The price is trading inside a bullish flag which indicates that we are in a correction before an impulse to the upside. The pair is heading toward the area of confluence which is made by the 61.80% Fibonacci retracement and the strong support. This will lead to a move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 122.18 Take Profit @ 122.45 Stop Loss @ 122.08 Trade Safely 🙂
Long
by Forex-Robot-Nation
CHFJPY long trade idea Daily chart in a bullish trend H4 chart - initiated bullish trend and had retraced to 50% fib level, rejecting from a previous level of resistance (H4 projection projection -27% fib level) 30m chart - Break of resistance creating a new high after a double bottom, was waiting for a retracement for to the 38.2%or 50% fib level, however started ranging between 0 and 23.6% and broke the resistance level, entering on the retest of this level as support to try and take at least to previous H4 resistance.
Long
by Inacio_1998
1
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 119.604. The system recommends entering this trade at any price between 119.472 and 119.736. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -6.056, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.105, so the stop loss has been set at 119.078. 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. Signal ID: 75981 Time Issued: Tuesday, 04 May 2021 12:00:16 GMT Status: open Entry: 119.472 - 119.736 Limit: N/A Stop Loss: 119.078 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 interests 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 here. Past Performance is not an indicator of future results.
Long
by FXCM
4