This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale.
In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second...
Ok finally we have a Daily SELL signal on my indicator as per my post on the 07/09/2022 were in my analysis of the CHFJPY I was looking for a signal to sell above 146 as we entered a long term SUPPLY/SELL zone.
This pair has rallied pretty hard since I posted that analysis and there has been no signs of it slowing down till today after it broke the 150 mark...
chf jpy is making double top on the main resistance area and its also the all time high of chf jpy
we can expect a strong dead bearish drop in coming days
look for bearish confirmation on lower time frames and short it risk management and discipline
patience is the key to success in financial world
The time of the shorts has come. Hand me my lightsaber
Entry: 127.30-127.08
Take Profit- 126.56
Take Profit- 126.28
Take Profit- 126.08
Take profit- 125.76
Stop loss- 128
Hi everyone this is my trade set up for the CHF/JPY for the new week ahead
CHF/JPY i think will push lower as were in a big downtrend still making lower highs and lower lows, so i am expecting a pullback to the order block zones and will be looking for a sell trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then...
The descending channel is formed of which indicates down trend. The price reached the resistance contributing to the channel continuation. Im looking for sell base on this market sentiment.
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
CHF/JPY: Daytrade-Execution
Market-Sell-Order: 116,740
Stop-Loss: 116,900
Target 1: 116,600
Target 2: 116,470
Target 3: 116,340
Stop-Loss: 16 pips
Risk: 0,5% - 1%
Risk-Reward: 2,48
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