3662 free pips for the trade of the year. The market has has completed the weekly correction structure and is now ready for downside. fundamentally we are bearish for both currencies but expecting Swiss to be weaker since JPY is as it lows already
Hello fellow risk-takers CHFJPY seems to have fetched sellers' liquidity at its recent high. A bearish pressure may be expected to heavily build up from here onwards. The first conservative target 121.904 promises more than 200 pips from the current price 124.501 and the second profit target can fetch over 400 pips to 120.086. A stoploss above the recent high...
We're wrong about this pair this week, the strong bullish conviction shown at the 123.5 level is information that we cannot ignore, there should be more upside coming for this pair but we think price action will be choppy. BULL CASE The structure should be complete once price corrects to near the 124.0 levels and after that we are targeting 128 where a stronger...
H1 time frame. Structure: The uptrend was broken after the price completed the head and shoulders pattern and broke the Key level at 123.600. Here is the confirmation of the downtrend, waiting for the price to pull back to test the trendline and sell opportunities at 124.000. The profit target is the price zone of...
CHFJPY is in a range right now and trying to break to either side, on a Daily perspective we have 2 bearish candles in row which could signal for a trend reversal. We are looking for short entries so for that we need to break the support of the range, as soon as we have a 4Hr candle closing below this support we can look for entries on a retest or wait for a...
after price make caps on high and bearish candle enq last low in 1 hour time frame we assume price can move to lower level and see lower price
From the resistance trend line we observe that we are at a selling ZONE . the evidence of a pattern ASCENDING CHANNEL . considering that its the DAILY time frame . we will look for opportunities to support the anticipation of the SELLING PRESSURE from this position . This will be evident especially on the lower time frame once the market shifts from bearish...
The yen pairs across the board took a dump in the markets this week, ending the multiple week bull run. We should see farther downside action from here but the road will be bumpy. BEAR CASE The market should give us another move down after a short term upward correction early next week. We're targeting 123.5 before we consolidate and think of our next move
The CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short. BEAR CASE We will wait for price to retest 125 before going in for a short BULL CASE Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.
Reasons for entering a short trade: • Price is currently at a corrective state which has formed an ascending channel this could also be viewed as a bearish flag • 90% rule of a channel • Downward trend followed by correction so downward trend likely to continue • At an area of strong daily resistance
Hi All CHFJPY after AB=CD + Sneak Attack to Special Bollinger Band that I can't show using this charts tolls, + USDCHF at 4H SMA300.
Double top on CJ, with RSI and MACD looking bearish and overbought. First TP would be the blue dotted trendline, which is an older trendline, and second bounce could come from the red trendline, which also marks second TP. Good luck if you take this setup!
Hello ! CHFJPY Is Reaching At Resistance Area . You Can Sell From Resistance . I Hope It Will Reject From Resistance Area And Go Down To The Support Level .
CHF/JPY Signal Market Sell: 122.450 Stop-Loss: 123.000 Target 1: 121.850 Target 2: 120.350 Stop-Loss: 55 pips Risk: 0,5% Risk-Reward: 3.8
Based on H1-H4 chart CHFJPY has reached resistance level. Possible reversal to 121.20 price range. Trade wisely.
#CHFJPY Weekly Here Is The More Clearly Look On CHFJPY SELL
#CHFJPY Daily Hello Traders We Are Looking Bearish Movements After Touching The Weekly Resistance Line