CHFJPY POSSIBLE SHORT**ENG**
- Price is now reaching our 4H resistance level, we are expecting a drop from this area to the 38,2% FIB zone, RSI is also on the verge of crossing to the overbought side, wait for a candle confirmation before entering.
**PT**
- Preço está de momento a atingir a nossa zona de resistência nas 4H, estamos à espera de uma queda nesta zona, fazendo um pullback até à zona dos 38,2% do FIB, o RSI também está bastante próximo de níveis sobrecomprados, aguardar por vela de confirmação antes de entrar.
Em caso de quebra, apenas entrar no retest.
Chfjpyforecast
CHFJPY, 4-hour timeframe, double top patternBased on the 4hr chart we could see there is a potential double top pattern on this pair.
Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high.
Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop
Sell CHFJPY 114.30-35
Stop loss 114.80
Take profit 1 @113.35
Take profit 2 @112.20
good luck
Drop to 112 possible as long as resistance holdsSo far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHFJPY TRADE IDEACHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
CHFJPY H1 SHORT PRICE ACTION FORECAST The Swiss Franc started the Asian session in a strong bullish note breaking through the descending trendline, capturing unexpected traders with this swiftly move.
Reaching a resistance level, where the last two candles at the H1 domain signaling total rejection from the zone mentioned and RSI deep into the overbought territory, allows the setup of a short entry.
The order:
Type: sell-limit
S/L: 20 pips - R:R | 1:2.5 -
T/P: aiming towards the previous resistance level.
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CHFJPY [Weekly Directional Analysis]Simple Analysis on CHFJPY:
Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.
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CHFJPY long trade on pullbackHello traders,
We have had a nice short trade earlier on this pair and now after the pullback we have spotted a nice bullish engulfing candle which suggests that we should see further upside movements. I have gone long on this and marked the entry point, sl and tp for you as well.
Ultimately I think it should make a double top before deciding further direction.
Let me know what you think.
Trade safe and good luck.
CHFJPY short for 120 pips.Nice setup this. After a decent push up we are expecting some retracement if not a complete reversal. CHF weakness should also help the cause. Price action is at a major level and we have seen bearish engulfing candle printed on the 4h chart.
I have gone short on this and marked tp and sl for you as well.
Trade safe and good luck.
CHFJPY H4 LONG PRICE ACTION FORECASTWith Swiss Franc showing some fatigue after the bullish rally, a buy-limit order right at the key support level from D1 could bring an excellent opportunity for a long trade with the used R:R | 1:2.
With an E/P right at the support level happening accompanying with the 18 EMA as a bounce strategy, S/L for 50 pips with a T/P setting in the next supply zone.
In the realm of D1, price action shows a clear bullish bias, where even the lighter EMA 18 & 50 are about to form a golden-cross as a confirmation of the uptrend continuation.
CHFJPY--Bigger Chat market View--Potential Sell MoveHy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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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.this is not signal. it's my opinion. trade you own risk.
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