look for trend continuation. waiting for cypher pattern to entry. as price now in the EMA34 and EMA50 area.
After a sharp decline in the CHFJPY a bearish flag has formed. Within this appears a bearish Cypher pattern requiring an uptick for CD completion at the 78.6% level. This acts as an entry for a short trade which sees a retest of the bearish flag lower bound and breakout to the downside, seeking the 112.5 support level. Risks to this include an oversold RSI on the...
IM ON SELL FOR THIS PAIR...POSSIBBLE OF TP BE THE RED LINE
Overall setup looking at shorting CHFJPY as a swing trade, drop down to the hourly chart and you can see a clean 1000 weighted moving average bounce. This bounce indicated a rejection of prices that low; i am expecting it to retest this range structure. If structure is broken to the topside it will be an excellent long opportunity and if structure is not broken...
CHFJPY reaches top of uptrend channel, make sure you wait and see if trend line breaks
FX:CHFJPY Will they sink the shark or cut the head off ? Safe Trades;
Short CHFJPY @ 118.31; TP @ 115.936, SL your choice
Pair is on a clear bearish trend. So the most probably movement we will see, it will be a falling. First of all, to confirm the bearish scenario, we have to see a breakout of S1. Then, we can open short positions. For other hand, if price stops at S1, inverse SHS would apear( change pattern). Keep an eye in this pair.
i look for long term short for this pair. Gartley pattern and previous structure level looks very nice.
Seems like bulls can't break through this resistance level and has made multiple tops as a result. The bullish momentum from which this came from has been made too intensely and the bulls seem exhausted (or some may already be taking profits at this level) as shown by the decreasing volume. Several reversal candle signals are visible such as the Bearish...
Chfjpy trading around 117.15 seems near double top and RSI also seems over bought as drop is expecting if hold below 118.5 advice to sell in range of 117.2-117.9 SL 118.5 TP 115-112
Hi everyone. Similar to other JPY pairs, I am looking to short CHFJPY base on that reversal pattern (rising wedge). Trend continuation pattern is about to complete soon, so watch for breakout for further downside. I will update the lower time frame.
It seems that the chfjpy is going to make the new LL , and if the price reach in the Fibonacci level 61.8 - 50 % and the body candle close below the 50% then you can put enter sell position and try to take profit around 112.586 . Don't forget to follow the money management for your trading account! happy trade.
There is a setup on the daily charts for CHFJPY that I've been following for the past two weeks now. Basically, we can see a very nice market top reversal at a significant previous swing high and resistance level. If the current daily bar manages to break and close at or below the 113.000 level, I believe a further move to the downside is likely. This is a prime...
Hello guys, this pair have good probability to fall and fill the gap. There is a good divergente too on RSI. Just wait and see GL
I am waiting for the price to breakout of the upward channel (H1) and that will confirm a reversal on this pair. Another interesting part is that if the price pushes higher to the resistance (around the grey rectangle by the trendline drawn from the high of Jan, 2015), I will enter the trade from that area, keeping my SL at 50 pips. And the price would be forming...