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Chfjpysell

CHF/JPY to RetraceDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. This is one of the lesser affected currency pairings as they are both safe haven currencies, but CHF is more so than JPY, that is why it moved in the direction it did. From here we can expect this to retrace down to support to at least the 0.382 Fibonacci level which aligns with the previous resistance level. This could climb a bit higher before turning back, I have marked out the previous peak with the blue line, this is where this could reach before turning back but I expect it to turn back before this level. Wait for the confirmation of a pullback before entering the trade, use MACD and EMA's and 1HR timeframe to see a sign of a retrace before shorting.
Short
by olly48
CHF/JPY has met resistanceCHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest previous resistance around 114 level. In the past when it has rejected this level it has fallen to 109-107.
Short
by olly48
CHFJPY, 4hr tf, sell on breakout of triangle patternHello my friends, Today is friday and we are going to trade lightly today. I found a good setup on CHFJPY pairs. This pair recently broken below the support of a triangle pattern which has formed since September till November. Yesterday it finally close below it and i think today is a retest of this broken support. We could expect downside to next support at 113.15 Sell CHFJPY 104.05 Stop loss 104.35 Take profit 103.20 (2.8R) RR ratio 1 : 2.8 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
CHF/JPY SELL IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation! CHF/JPY: DaySwingtrade-preparation Market-Sell: 115,240 Stop-Loss: 115,690 Target 1: 114,730 Target 2: 114,380 Target 3: 113,830 Stop-Loss: 45 pips Risk: 0,5% -1% Risk-Reward: 3,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
CHFJPY: POtential Bearish MovePrice seems to be resisted at a flip zone which acted as a support before and most recently during last week, acted as a resistance. Ain't seeing any strong sign of weakness yet but will be watching this pair closely for a SHORT opportunity DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
Short
by OFPA_FX
CHFJPY, daily tf, sell trend line retestHello my friends, For today i am gonna trade JPY crosses pairs, as the US election could trigger risk-off sentiment. It looks like we could see it goes wild with current development. To keep it simple, we will only focus on the price action. Price already broken below the ascending trend line and now retesting it. I've marked the horizontal support and resistance as well. This 114.60 area is an area of confluences as there is horizontal and EMA resistances. You could clearly see some selling pressure here as the last candle stick looks like a bearish pinbar candle. Sell CHFJPY 114.60 Stop loss 115.10 Take profit 113.25 RR ratio 1 : 2.5 (2.5R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX