Get started

Chfjpyidea

CHFJPY - Sell - Head & Shoulders PatternCHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline. Entry: 140.000 Just at the neck line Stop Loss. 140.823 Above the neckline and at above recent support resistance area. If price takes out this stop, can look for re-entry if setup is still valid. TP: 136.845 I have set various key levels to take profit, the last take profit being at a level which meets a recent area of support and also in the zone of the distance between head and neckline.
Short
by dinomalik
2
CHFJPY Sell Set UpHello all! Can you tell that I love JPY pairs? I like to analyze charts on the weekend and here's my analysis for CHFJPY. It seems like on Friday it's created a lower high as seen on the trend line. I'd love to see the price come back to the trend line and create another lower high before falling to that support zone. HOWEVER, if that doesn't come true then I will wait for the price to break through support and close below the zone. If Price does this, I will enter the sell with my SL at the previous lower high and sell all the way down to the next support level.
Short
by peterthezoe