CHFJPY Short Setup Continuation trade: 👉🏻 BEAR BEAR BEAR. All signs are leading to the downside. My only exit is when price breaks above that major zone in purple. Now all is a retracement pointing to further crash.
... Wait for it! A SELL off of the 118.20 level will provide the optimum SHORT Entry; The Daily
See Signposts for key price action details.
See Signposts for key price action details. An additional note, I'll be giving this pair some breathing room before committing to a trade. The weekend open is always a bit unpredictable.
CHFJPY Was trading within a range only the range was around 300 pips from 116.00 to 119.00. From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00 Sell @ 116.500 Take profit @ 115.100 Stop lose @ 116.850
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Wait for double top and the go for sell minimum of 200 pips expected
Hi Traders CHF/JPY (Daily Timeframe) A high probability, entry to go SHORT is forming @ 116.154 after the market found resistance @ 117.772. Only the upward break of 117.772 would cancel this bearish scenario. Trade details: Entry: 116.154 Stop loss: 117.772 Take profit 1: 115.199 Take profit 2: 113.581 Take profit 3: 110.944 Score: 6 Strategy: Bearish Trend Reversal
CHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure. I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area . Therefore continuing with the ranging market structure . Adding on to the confluence , I see a potential double...
This has had a big rejection from the resistance level and has continued down to support where it has finally slowed. I expect this to be a brief correction before continuing downwards. For an entry to a short I want to see this break the support and then retest it as resistance. Then a short can be taken with a target at the next support of 113.819
CHFJPY Short Setup 👉🏻 Price failed to close above major zone (marked in purple) on Friday's market close. Possibly a fake out to lead price lower to respective areas.
Wait for price to give us the direction of the next trend
This has retraced to 0.5 Fibonacci, looking for this to now continue downwards to the support level. Need to wait for confirmation of this first as MACD and EMA's are on the bullish side, need to see MACD start dropping and EMA's to cross back over. TP is just below 0.382 Fib at 116.234.
Only looking for sells on this pair.
chfjpy supported buy sloping moving average looking for bulish. confident about bulish. Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!