CHF/JPY SHORTPOTEINTAL TRADE CHF/JPY:
This currency has approached a key zone of resistance. As noticed in the past, we have failed to break above 112.7.
Sell positions are appealing in this currency pair with stops placed above 113.
POTEINTAL ENTRIES AND TARGETS:
SWING TRADE: SELL CHF/JPY
ENTRY - 112.7
STOP - 113.1 (40 PIP)
TARGET - 1180.8 (180)
R/R - 4.47
Chf-jpy
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 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
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: 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