Chfjpysell
CHFJPY - Short Timeshould be waiting for the invalidation level to get a sell position.
Let see what happens!
Cheers! ;)
CHFJPY is in bearish ModeAs we can see that CHFJPY has rejected it's resistance line from above side and also made bearish engulf candle, which indicate us of strong bearish mode.
CHF/JPY Short Term PlanCHF/JPY pair is quite overbought and our old guy Yen has a plan for taking it down!
Entry: 113.9
Stop-Loss: 114.4
Target: 112.8
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CHFJPY Pattern Sets a Stage for a CorrectionThe daily chart above reveals CHFJPY's entire progress since October 2019 low. It looks like the past 4 months have resulted in a textbook five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v) and the five sub-waves of wave (iii) are also visible. Look how the entire structure fits into a base channel. The guideline of alternation has been taken into account, too. Wave (ii) is a complex correction, while wave (iv) is a sharp zigzag.
This pattern means CHFJPY’s larger trend points north. The problem is that according to the theory, a three-wave correction in the opposite direction follows every impulse.
If this count is correct, we can expect a notable decline in CHFJPY very soon. The support area of wave (iv) that lined up with support zone and mean value is a natural bearish target.
What's your view on CHFJPY?
CHFJPY sell sell sellCHFJPY approaching top of the channel , I'm expecting a sell now and adding more positions after the breakout.
CHFJPY: Countertrend Sell based on RSI Divergence and Resistance112.60 zone has offered some resistance in the recent days.
In addition to this, there is also some bearish divergence in the RSI.
If this zone continues to offer resistance, we can execute low-risk sell trades at 112.68-112.85.
TP can be set at 112.10 and 111.70. Stop Losses can be placed above 113
USD/CHF: Risk-on seems crazy..Support at retracement zone, would prefer a retest of 0.965, either way stops should be -20 pips below this price to be safe. Risk-on would be the bet here. It's very risky but the technical should hold.
00:54:10 (UTC)
Tue Jan 7, 2020
CHFJPY DOWNSIDE POSSIBLECHFJPY May go down by 100pips from here and later After confirmination we can enter another sell.
CHFJPY Short idea Hello traders!
This pair is up for a major correction downwards before continuing the trend upwards. Shorting CHFJPY until 108.750
Good luck!
CHFJPY potential reversal!
CHFJPY expected to rise up to 1st resistance at 112.439 where it could potentially react off and drop down to 1st support at 111.797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
volume is thinning out as the holiday season closely approachesinvestors’ focus on the risk of a slowing global economy, a sharp rally in the yen — a traditional haven currency — would make some sense to opening low risk short position from here, Also current administration’s strategy to use tariffs as threats to mold his foreign-policy against multiple countries will create an ongoing and unknown certainty .
CHFJPY Market Structure AnalysisR/R: 5
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