CHFJPY (6H) is clearly set to drop in price. Since HaS have been completely formed, i am keen on seeing a BOS and retest of OB before i jump into the wave. This is pretty exciting for me. Comment, like and please follow me to show appreciation
Hey guys, after a long bullish move, this pair has formed a head and shoulder pattern which might be a reversal pattern. I expect this pair to fall once the neckline gets broken
OANDA:CHFJPY Hey guys So about CHFJPY we see that in long term it's moving in an ascending channel - now we are in the top of channel and as we expected price touched there and started falling + there's a bearish head and shoulders pattern in 4h which makes price to keep falling more . the support zones in front of us are : 122.550 121.200 120.620 what's...
Base on our analysis. we found out that ChfJpy may retrace to 120.300 support zone or even to 119.400. as the chart above, we can see that a bull run of CHFJPY hit the resistant level at 124.600 and started to retrace back. We do believe that ChfJpy will retrace according to our prediction. a sell limit position can be set at 124.500 or we can set a immediate sell...
CHFJPY | HIT SHORT CHFJPY after making a swing high, turns into distribution, It made a famous Head & Shoulder Pattern One can attempt to short here Sell: 123.381 SL: 124.500 TP: 121.250 Tell us what do you think about the pair in comment section ||Trade Trio || Stocks | Crypto | Commodity | Forex
The swiss yen broke down farther after breaking the channel and testing the bottom of the channel, we expect to see more downside this week. But the white line(200ma) serves as a strong support. If you're in a short take some profits at around there and re-enter again at a better price. BEAR CASE Price to go farther down to ~122.9, there we can see some support....
Possible Head and shoulders in formation According to Resisance and suppport level TP and Stop Losse
CHFJPY, We are still in 2 positions heading down to the major support at breakout. This is a massive swing for us, so we must be patient and also be ready to take partial profits and moving SL's. If price follows our plan thoroughly we might have 3 more entries while moving down.
broken out of wedge pattern looking very bearish. Comment on your ideas. like and follow
What's up guys , Price approaches a resistance zone and I'm looking for major sell setups , it will be a classic entry immediately after the break of the last low and the neckline of the potential Heads and shoulders , Why I said potential is because it hasn't formed yet and I am looking forward to see it happen so it could suite my trading style and give me...
The weekly candle on the swiss yen gave us a potential bearish signal. We expect price to continue to consolidate to the upside before giving us a big drop to the downside. BULL CASE Price moves to the top of the channel before dropping down farther. The price we're looking at is 126 but it may breakdown midway due to the uncertain nature in this zone. BEAR...
FX:CHFJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.