Chfjpyanalysis
CHFJPY potential reversal!
CHFJPY expected to rise up to 1st resistance at 113.444 where it could potentially react off and drop down to 1st support at 112.959.
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Time to short after a huge upwards rally?I rode the uptrend of this pair from the previous support of 111.843, and sold it at the doji at the top. The next session forms a 'dark cloud cover' which signals a bearish reversal. The following dojis suggest unclear signals, hence i waited for a confirm of a bearish reversal. MACD is also showing signs of slowing momentum and a potential crossover. Stochastic also shows that this pair is overbought, and may drop is price soon. One may wait for confirmation from the crossover of the MACD, but the current red candle is sufficient to tell that sentiments are bearish right now. While this is a potential trading setup, it is possible that this is just a small pull back before reaching for higher highs.
To optimize your entry points, use the 1 hour chart to check for pull backs to prevent unfavorable entries.
CHFJPY Head&Sholders pattern formationIf the structure formation breaks successfully go for short more than 200 pip price will fall, however target is open
CHFJPY LONG This pair is currently having a retracement. So I will be looking to enter longs around the 112.000 levels if we see candle wick rejection on the 4hr time frame.
Take partial profits!
200 PIP GAIN 6/1 RR
CHFJPY SHORT quick 100 pips here, looking for another touch of the triple box for price to reject the 50 EMA, descending trend line as well as past structure to take a short here.
100 PIP GAIN 5/1 RR
CHFJPY ESPERAR COMPRAS BUYCHFJPY En diario tiene una div alcista por conteo de ondas esta haciendo onda 4 , en temporalidades menores como h4 esperamos en esos puntos de confluencia de fibo encontrar una div en h4 y h1 para entrar en compra para irnos por la onda 5 en temporalidad Diaria. Es un trade largo con dos puntos de entrada donde entre cada uno hay 100 pips de diferencia. Recomendación: Buena gestion de riesgo y seguimiento al par, cuando llegue a las zonas indicadas. 3 tps.
Has CHFJPY bottomed out?Current price action indicates that CHFJPY might have bottomed out and it will resume the uptrend soon.
If the support at 111.80 holds, there's a good chance that CHFJPY might reach the resistance at 113.
rejection at chfjpy level 111.7we have reached a level where see some small rejections at the CHFJPY. due to the corona-virus, there is a big pressure on the jpy. the retail is more than 76% short on this pair. that is the main reason for the banks to buy this pair.
CHFJPY has potential to go down for 160 pips!Head & Shoulders pattern looks real and currently we are seeing price managed to break the trendline support, momentum bearish candle formed from previous daily candle closed indicate that price might continue to go lower
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
CHFJPY H4 BUY Opportunity CHFJPY H4.
Price is in an upward channel.
Created a Daily DZ.
Within Daily zone H4 chart is as dipicted.
CHFJPY LONGCHFJPY long, looking for price to retest that level so ni can look for long opportunities.
CHFJPY buy on H1Plan : wait for price to bounce off from horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHFJPY - Short Timeshould be waiting for the invalidation level to get a sell position.
Let see what happens!
Cheers! ;)
CHFJPY Elliot Wave Trade Idea In the CHFJPY chart above, price is making a bearish (a)-(b)-(c) corrective pattern after the completion of a bullish five-wave impulse.
The corrective pattern will most likely unfold as a zigzag based on the current structure of the decline. I'm expecting a sell-off in wave v to complete five-wave impulse in (a), followed by a corrective pattern in (b), then I will look to go short wave (c).
I'm anticipating wave (a) to terminate at the ascending trendline support, so I will take a short-term sell entry at the market open.
Here is my previous analysis on CHFJPY:
