Thread: Chf/jpy
Market trand sell.
pair sell ka ban gya hai market kafi up hoii hai and ab
down ki traf movement kar rahi hai so main ye suggest karun ga k humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.
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SDK (2020-08-16)
Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.
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happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
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Pair chf/jpy
Today market trend bullish sell
Market ki moving average aur indicators ko dekh kar pta chal rha hy k market ky sell ky chance zyada hain
Resistance points and Support points bhi strong sell ke signal de rahe hain.
Hamy market k trend ko dekhty huwy trade lgani chahye. agr market ko smjy bgair trade kren gy to is sy los hony k chance zyada hen.
Agr achi earning krni hy to us k liye apka market k indicators ko smjna bohat zruri hy.
Best of luck....
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I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
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in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is closed
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
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Usman148 (2020-08-16)
CHF/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
116.82 - 116.90 - 117.06
Resistance 1 - Resistance 2 - Resistance 3.
117.29 - 117.38 - 117.53
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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The market of CHFJPY in many perspective is looking down and if we see the h4 chart then we can see that the price has a potential to go down and make some strong bearish movement so i will suggest that only watch for the potential selling on this asset and in case of the potential buying we will make for sure orders on this but not for right now we have to watch only for the potential selling orders.
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Pivot, Resistance Levels and Support Levels for CHF / JPY
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 117.284
Resistance Level (R2): 117.278
Resistance Level (R1): 117.266
Pivot Point: 117.260
Support Level (S1): 117.248
Support Level (S2): 117.242
Support Level (S3): 117.230
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Unregistered (2)
Winning signals - Profit signals.
Today Target Pair - CHF/JPY
Today main profit zone .
117.75 - 118.01 - 118.40
Today main support zone.
116.44 - 116.71 - 117.09
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hassinali (2020-08-16)
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