CHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here. A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
**ENG** - Price is now reaching our 4H resistance level, we are expecting a drop from this area to the 38,2% FIB zone, RSI is also on the verge of crossing to the overbought side, wait for a candle confirmation before entering. **PT** - Preço está de momento a atingir a nossa zona de resistência nas 4H, estamos à espera de uma queda nesta zona, fazendo um...
Hitting its highest point, looking out for a long short here. Trade safe and stay healthy.
Comparto con ustedes uno de nuestros analisis en este activo, una oportunidad de trading interesante para ventas con una relación de riesgo Vs beneficio bastante favorable.
Stop Loss: 114.65 Entry Point: 114.23 Target Profit: 113.65 Good Luck! Do not hesitate any question for clarification.
CHF has been testing previous resistance for ages that won't break, this level should drop if it continues to fail to break. Price action will confirm the sell off in a form of a pattern.
Waiting for the break of the channel to enter a sell
Entered the supply zone + resistance rejection - looking for a repeat of previous price history here to catch some pips on a short
Expecting a major pushdown. this is the third touch on the trendline and the market structure is trending downwards. Lets see what happens
Below huge supply zone. Wait for the price to create a double top and us 1st TP will be 113.35
OANDA:CHFJPY By breaking below blue line I think it is a confirmation that price will drop.
In a long run, it may be interesting in running a swing short. Once it hit the boundary of the resistance, we can take good opportunity to swing short with bare minimum risk. Trade safe and stay healthy.
Get in before it is too late tp monday with 100 pips free signal
CHFJPY just reached the top of a channel and is forming a nice bearish candle indicationg a trend reversal. My SL is 30 pips and my TP is 80 pips,