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Chf-jpy

CHFJPY facing bearish pressure, drop incoming!CHFJPY is approaching the upper resistance of the ascending price channel in line with 1st resistance at 121.675 in line with Horizontal swing high and 100% Fibonacci extension . Price is likely to reverse off from 1st resistance at 121.675 in line with Horizontal swing high and 100% Fibonacci extension to take 1st support at 120.242 in line with 23.6% Fibonacci retracement and 78.6% Fibonacci extension level. Our bearish bias is further supported by how Stochastic is approaching resistance where price dropped in the past. Otherwise price may bullish towards 2nd resistance at 122.506 in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension . Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
CHFJPY Educational candlestick chartingthis pair is being traded just with candlestick charting techniques book from "Steve Nison" 🌟another fun and educational 139 pip from forex 🌟in this method you have to zoom on the last lowest value candle you will face a hammer which signals an end of a bearish cycle 🌟the following candle after that lowest value one is counted as a cross candle which indicates the power of the bears is weakened a lot and the bullish bias is on the front seat 🌟the combination of the last 2 sentences are called "Harami Cross" pattern and with this pattern (which is powerful enough to signal us for entering position specially in short term situations) we are going to have an open contract Risk warning, disclaimer: all of the following signals/ideas are subjective and based on market judgement of our team's technical and fundamental analysis, we hope traders consider this and always check it with your own strategy, if you don't have any we can help you form one ---------------------------------------------------------------------------------------------------------------- If you want to see more and more from these 💎 free signals: 🙏 Help us grow then Each individual support counts 🙏 Tell us what do you like to know about the market and how do you see the forecasts Share us your opinion ---------------------------------------------------------------------------------------------------------------- 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍 📝Did you know money management and risk management are as important as your entry and exit point of a chart? 💰Plan a Trade before a Trade💰 💸Develop a strategy before you enter position your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎) Trade well ❤️
Long
by the-crypto-analyzer
CHFJPY LONG 250pips+Hello traders, here we have a beautiful CHFJPY trade idea. This trade idea is currently in our zone of interest which has multiple confluences to give us this entry point. Firstly the price has approached our trendline which is in a structure zone, and finally we can see a reversal pattern in the smaller time frames and shooting star patterns in higher time frames. This is giving us a strong indication of a reversal. This trade has a Take Profit of 250 pips with a small 20 pip risk. This gives this trade a RISK:REWARD of 1:12.44! Which is an insane risk reward and definitely not one to miss! Safe entry will be once we can see a break in the structure which has been labelled and we will have a solid confirmation for reversal, however you can decide whether to enter in a risky position or wait until the reversal is confirmed. Thanks for taking a look please like and comment your thoughts!
Long
by Pips-Collector
CHFJPY Prepare for the next bearish move Hi traders: Similar like EURJPY, I do see some good bearish confluence for possible selling opportunity. We can see price has reverse from the top of the higher time frame structure, and a strong impulse phase to push down the price. Naturally after an impulse phase, price falls into a corrective phase. This time its creating an expanding structure. To confirm the further downside, we see price did push down on the lower time frame, and its creating a bearish flag continuation. Now that price has manage break below, waiting for another LTF correction would be ideal for possible entry down to the previous lows. And if price can manage to continue the impulse phase, then expect further downside from the price. thank you
Short
by jojofang0901
26
CHFJPY a bounce at the 0.618? 🦐CHFJPY on the 4h chart after the double bottom over the daily support started a move inside a range between 2 structure. The price tested a few times the lower structure exactly at the 0.618 Fibonacci level and now is moving to the upper one. According to Plancton's strategy if the market will break and close above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2
CHFJPY approaching bearish reversal | 29th July 2021CHFJPY is approaching sell entry, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Indicator supporting bearish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
Sell CHFJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has hit its TRENDLINE RESISTANCE and is falling down. It also made HEAD and Shoulder pattern. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Short
by Ryan_lopes
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (119.80). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 119.56 TP2= @ 119. 01 TP3= @ 118.86 TP4= @ 118.61 TP5= @ 118.41 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
19
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (119.80). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 119.56 TP2= @ 119. 01 TP3= @ 118.86 TP4= @ 118.61 TP5= @ 118.41 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
8