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Chfjpyforecast

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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
CHFJPY roadmap on dailyNote : I see an interesting potential setup on the CHFJPY pair, we will wait for how prices react at these daily key support levels ;) **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
by GWBFX
CHFJPY What happens next?!This is an interesting one, in which I'm not sure of a long term direction with this one. I maintain a bearish bias for the next couple of weeks as I can't see the 112 level being broken just yet, so I may potentially enter a short trade after confirmation of a rejection at this level of resistance. I did also use fib retracement levels to help measure the pullback, but removed this from the chart to keep it tidy. However, where price will go after that I am not sure. If you trade this as an Elliot Wave, there could be a 3rd impulse wave driving price higher. My instinct tells me it will drive up to the 113 level again before another pullback but I guess we shall see! Still, if this first prediction comes off, there is a healthy 130 pip gain to be made! :)
by RingerFX