CHFJPY 4H SHORT Possible Sea Pony Pattern
Wait for the H4 closing below 114.800 and enter Short.
A potential bearish butterfly pattern is completing, RSI is about to reach the overbought level as well. R:R at 2 (TP1) and 3.5 (TP2). Good luck.
Short opportunity on CHFJPY, wait for correction to entry, then sell. Lets wait and See....
Hi guys, here on CHFJPY i think we could be standing at the top of the movement, and therefore i'm going short from this level with stops above the highs and targets as shown. This decision is made starting from a higher perspective on the daily timeframe where we're testing a previous structure zone that could act as resistance at this point. Here on the hourly...
Hi guys, here on CHFJPY i think we could be standing at the top of the movement, and therefore i'm going short from this level with stops above the highs and targets as shown. This decision is made starting from a higher perspective on the daily timeframe where we're testing a previous structure zone that could act as resistance at this point. Here on the hourly...
Here i have analyzed a short opportunity on the CHFJPY currency pair. This pair has found solid resistance at the 115.600 level and for that reason and with the current price action combined, I expect the sellers to be rewarded here over some time. I see 110.00 or beyond as my potential long-term target. Happy trading and leave a comment of what you think?
Active sale of CHFJPY to the level 113.989 after long accumulation in zone 114.35 - 114.56.
On the 1 Week, price has failed to create a Higher High to break the Weekly Resistance (Fib 0.50); instead created 2 Lower highs. A break of a Lower Low beneath the Weekly Trendline will confirm The Long term bearish Trend. Fib 0.382 has held strong since November and has proven to be an area of rejection/ confluence. Inverted Triangle forming on the 1 week so a...
The pair broke support level and seem to be channeling down. Good luck
Hello, youraveragetrader here! :) - Descending wedge = bullish - Potential Head and Shoulders = quick short Two contradicting patterns so be careful of this trade . - Two TP, watch how the pair reacts when it falls back on the yellow dotted line.
CHFJPY has been trading in a horizontal trend for a week. As a result of today’s upswing, the market has reached the upper limit of this consolidation, where the first supply reaction has already happened. Permanent rejection of this zone could open the way to declines. The scenario is supported, at least technically, that consolidation is a form of time...
All Trade Parameters shown on the chart. Short setup in Daily Supply. We trade the daily downtrend
After careful analysis and chart pattern recognition I have identified an opportunity to take a short position on this ChfJpy currency pair. I have spotted a daily resistance equal to the weekly resistance level. Some consolidation is seen between the 114.400 - 113.800 levels. I stand firm with a 11.200 target #1 and another 110.00 target #2
Wedge break, goes inside a rectangle. Sold inside of the figure, stop on top and target at the bottom of the wedge. A less risky trade would be to wait the rectangle to break, but it would have a bad win/lose ratio.
No need to explain the charts themselves pretty much sum up the title of this post. The only thing I can say is that I'm definitely looking towards the downside on both of these 2. Trade safe and implement your own due diligence before entering a trade.