Nice head and shoulders, break of the previous low, bigger bear flag correction, ascending triangle at the top of the flag. I’m going short now target 1 the lows of the flag
CHFJPY has broken the rising trendline. Price has been holding the minor support zone. The trend is already bearish as new lower highs and lower lows are in formation. Remain to sell on strength until we have 141.5 area to be taken out
Waiting for a pull back into 140.392 or 141.553 to short CHFJPY back down to retest 137.378 If you agree drop a like and if you have any questions leave a comment! :)
Hello friends, ChfJPY is in a downward channel and is ready to take a sell position. follow me
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.
BEARISH STRUCTURE continuing LH, LL formation Bearish Engulfing at LH Short position opened Entry: 139.296 SL: 139.898
CHFJPY is in a downtrend and is expected to continue it, with a bearish engulfing candle on H4 it provides a confirmation , there are two possible scenarios in this case. Scenario #1: it will continue its bearsih move. Sell CHFJPY if H1 closes below 139.35, take profit: 137.50, stoploss: 140.80 Scenario#2: pair might retrace an test trendline resistance around...
CHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline. Entry: 140.000 Just at the neck line Stop Loss. 140.823 Above the neckline and at above recent support resistance area. If price takes...
Let's see what happens, I trade 4 hour candle closes. Looks like the price is retesting now.
Hello traders! CLICK THE LINK BELOW TO CHECK MY PREVIOUS ANALYSIS ON CHFJPY & HOW I PLANNED THE EXECUTION. As I posted before on CHFJPY : CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area. Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position. Patience is key on this pair & do...
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.
#chfjpy, 30th June made inside bar indication for short. 1st July insurance bar further confirmation for weakness ahead. 137.90 previous resistance broke now that is support level. so 137.90 ideal profit taking level.
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
CHF-JPY formed H&S pattern Short it - - - - - - - - - -
CHF/JPY: Bears in control > Head and Shoulder pattern > Break of Structure & Change in Sequence to the downside > Countertrend broken to the downside > POC above current price levels *** Join our stream tonight! www.tradingview.com Meikel & your Team WSI
Price retraced to .50 on fib and fell to support. Not that a clear LH has been created, I can confirm downtrend and now we wait for the price to break below support. A retest if the price breaks below support will be another lower high and possibly be the 3rd touch of the trend-line. Let's see what happens.
CHFJPY made a sharp move down and tested a resistance level. Price action also made a false break of that level. We anticipate a break in the compression channel and a downward move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
3 black crows have been identified on a 15-minute chart for CHFJPY. A RR ratio of 2:1 has been taken for a successful short.