CHF/JPY ShortA nice short entry are after seeing a close bounce off the trendline to forming a double top.
We are now bouncing off the hourly support trend line, watching for a retest before falling lower and creating lower lows.
Chf-jpy
SELL CHF/JPYPrice is currently testing the 111.8 level, which very recently had been rejected. This zone has been a barrier for buyers to breakthrough.
Short positions look appealing with stops placed 10 pips above the 112.0 psychological level.
CHFJPY Sell CHFJPY made three candle stick pattern on Monday and right now trending up but the market of CHF is in down way. Sell it with 2% to 5% risk of your initial capital.
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CHFJPY Bearish Forecast
CHFJPY is a very overbought pair and from the 13th of December, I have a bearish bias on it.
the price has recently broken below 111.6 structure support and this morning we saw a retest of it.
I believe that bears will push the pair even lower.
I expect bearish continuation to 111.35 / 111.1 levels
CHFJPY sell signal op [50pips]
ENTRY: 111.350+-
TP: 111.050
TP: 110.800
SL: 111.720
Chart time frame - 4h
Time for reaching TP - 1-2D
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All best!
CHFJPYCHFJPY. Weekly forecast. Looking for retest of the Daily candles 61.8 fib level and then will look to short.
CHFJPY REJECTED BY DAILY RESISTANCE CHFJPY reached very strong supply zone on H4 and D1 @111.76
H1 chart shows 3 continuous peaks with negative divergence in Mumintum indicators RSI & MACD
RSI finally dropped off from oversold area
all the past bullish impulsive wave not supported with high volume , price should visit HVN area again
WOL3.0 #37CHFJPY sell stop 111.119
SL 111.64
TP 110.077
R= 52.1 pips
Si el precio llega a 110.597, mover SL a 111.011
CHFJPY D BearishDears,
Please, take our instructions a very important point, to be in save.
thanks and good luck.
CHFJPY Possible shorts post "No Change" from SNBHello Traders,
SNB unchanged, and the head of the central bank said that profits from this state of affairs exceed the costs associated with it and for now we will remain in this situation.
A raise towards "old consolidation" 111.00 / 20 as possible short trigger
Stop above 111.60
Target 108.50 / 00
Good luck
CHFJPY: Trading Plan
CHFJPY has reached a strong resistance level on 4H/
formation of a double top pattern and rsi divergence leave us a clue that bulls are exhausted.
bets are high that we see a strong bearish reaction from the underlined resistance.
our confirmation will be a bearish violation of minor support on 1H.
Wait and sell the market after a bearish violation of 109.9 support.
our target levels will be 109.7 / 109.5
good luck!
CHFJPY: Trading Plan
CHFJPY has reached a strong resistance level on 4H/
formation of a double top pattern and rsi divergence leave us a clue that bulls are exhausted.
bets are high that we see a strong bearish reaction from the underlined resistance.
our confirmation will be a bearish violation of minor support on 1H.
Wait and sell the market after a bearish violation of 109.9 support.
our target levels will be 109.7 / 109.5
good luck!
CHFJPY sell signal op [50pips]
ENTRY: 109.950+-
TP: 109.650
TP: 109.400
SL: 110.260
Chart time frame - 1D
Time for reaching TP - 1-2D
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All best!
CHFJPY: Conditions for a long term Sell.The pair is consolidating on 1D (RSI = 52.832, CCI = 21.3985, Highs/Lows = 0.0000) after a strong October rise. There is a certain pattern that calls for a sell opportunity. Once a Golden Cross occurs on the 1D chart, CHFJPY makes a top usually (maximum 10 days which happened in September 2018).
At the moment we are approaching to such a formation so wait for a top to be made (near the 1W Resistance) and then start selling. The Target depends purely upon your risk/ reward ratio.
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CHFJPY May Drop! Daily TF Analysis
hey traders,
after breaking below the support of a symmetrical triangle
the market has retraced and now it is retesting the broken support.
broken support matches perfectly with a horizontal structure resistance level 109.6
I believe that bets are very high that we will see a bearish continuation in the direction of the recent breakout.
The initial target is 109.0
CHFJPY appears oversold BUY
108.764 - 108.972 Add to Watch List
Signal ID: 69511
Time Issued: Friday, 22 November 2019 20:00:15 GMT
Status: open
Entry: 108.764 - 108.972
Limit: N/A
Stop Loss: 108.530
The Congestion Opportunities Strategy has just bought CHFJPY at 108.868. The system recommends entering this trade at any price between 108.764 and 108.972. The signal was issued because the 28-hour Relative Strength Index indicates that the CHFJPY may be oversold, while the Speculative Sentiment Index reading of 1.438 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.417, so the stop loss has been set at 108.451. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
CHFJPY buy signal op [50pips]
ENTRY: 109.050+-
TP: 109.350
TP: 109.500
SL: 108.800
Chart time frame - 1D
Time for reaching TP - 1-3D
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Thanks on supporting!
All best!
CHFJPY BEARISH CONTINUATIONPrice has reached and ranged at Resistance and continued to show that Buyers are going to be able to break above this time, price then showed our first impulsive leg. After an impulse we wait for a correction, our most ideal and picture perfect entry would be at the 38% matched with whats our new resistance but I do see how price can retrace to the 61.8 % faking our and stumbling all sellers that are ready to enter at the 38%. Elliot wave rules are met if price retraces to the 61.8% then a Sell Order may be placed. Let's allow price to fluctuate then begin to look for an entry, Short.
