Chfjpy had a bearish week last week and opened this week on the bullish side of the market but i think it is just a slight pullback before the price begins to drop further down.
CHFJPY bounced off its support at 109.767 where it could potentially rise further to 110.286. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Welcome to @SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and dont forget to LIKE :) - 30 Min This time Frame is supporting a bearish move. Price could test previous top before continuing down 2 HOUR We are seeing a correction of price from the previous bearish move which started 12th April. Also Price is testing...
CHFJPY is currently looking good for a bullish move. In my previous mark up, i mentioned i would be keeping an eye on how price reacted around a daily timeline i plotted. ( I have attached that mark up below) As you can see, price broke above that trendline and continued to move higher until we reached a point of resistance where price as i would see it retraced....
In my previous post i highlighted that CHFJPY had the potential to continue moving bearish. However since then , price moved higher than anticipated and is currently trading at 0.618 fib retracement level of the entire bearish move downward. I see potential for this pair to continue moving bearish as it is currently testing and trading a daily trendline with...
CHFJPY continuation to the downside. Keep it simple.
Disclaimer - I could be wrong/Trade at your own risk...
GARTLY FORM ON CHFJPY D1 PERFECT TIME TO OPEN BUY ENTRY 109.... SL... 107.792... TP... 111
SHORT CHFJPY SL=112.330; TP=109.870. Good Luck!
See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
CHF/JPY pullback short sell. Obviously, this is a day trade and we might close it before it even reaches TP. Also, risk twice as less as you usually do. This is shorting the long trend pullback which I don't normally do because the trend is bullish. But in short term/day trade, if you get a ppotential entry, then why not take it.
Hi Guys. Watch bottom for long. Good luck. Please support the setup with your likes, comments and by following on TradingView. NOTE: Looks like a corrective structure is making, still too early to tell but very soon we will see.
CHFJPY is approaching its resistance at 110.753 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 108.421 Watch out for the break in the black trend line as this could leads us back to its support of 108.421 See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
WILL CHFJPY BREAK OR REVERSE BACK UP? WATCH OUT FOR THIS
CHFJPY about to break the strong resistance zone above. or it may go down as well so wait for it
Previous month chfjpy already break the most confluence zone and and approaching te zone to retest and continue their downtrend. Looking forward to wait the sell setup in daily and 4-H confirmation and entry. I will patiently wait for the setup. TAYOR and good luck!