chfjpy trade setupconfirmed dragon pattern and unconfirmed double top. stop must be over the resistance zone with 30min candle close
Chfjpysell
CHFJPY potential bounce!
CHFJPY expected to reverse up to 1st support at 110.666 where it could potentially react and bounce to its resistance at 1st resistance at 111.645.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY potential reversal!CHFJPY expected to rise up to 1st resistance at 111.623 where it could potentially react off and drop down to 1st support at 110.880.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY: NEXT SELL AREA IS READY.Thanks for Taking Interested in my Trading Idea.
CHFJPY: NEXT SELL AREA IS READY.
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CHFJPY potential reversal!
CHFJPY expected to rise up to 1st resistance at 112.440 where it could potentially react off and drop down to 1st support at 112.071.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY potential bounce!
CHFJPY expected to reverse up to 1st support at 112.128 where it could potentially react and bounce to its resistance at 1st resistance at 113.018.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY has reached resistance, possible dropAs indicated in the chart, CHFJPY has reached resistance. So, if Japanese Yen starts gaining strength, CHFJPY could drop to the levels as indicated in the chart.
CHFJPY potential reversal!
CHFJPY expected to rise up to 1st resistance at 113.336 where it could potentially react off and drop down to 1st support at 112.662.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY potential reversal!
CHFJPY expected to rise up to 1st resistance at 113.444 where it could potentially react off and drop down to 1st support at 112.959.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY Head&Sholders pattern formationIf the structure formation breaks successfully go for short more than 200 pip price will fall, however target is open
CHFJPY SHORT quick 100 pips here, looking for another touch of the triple box for price to reject the 50 EMA, descending trend line as well as past structure to take a short here.
100 PIP GAIN 5/1 RR
Has CHFJPY bottomed out?Current price action indicates that CHFJPY might have bottomed out and it will resume the uptrend soon.
If the support at 111.80 holds, there's a good chance that CHFJPY might reach the resistance at 113.
chfjpy broke the channel.CHFJPY broke today the ascending channel, tested at the 60 min chart. if the daily candle closes like this, we can expect some more downside movement and see the levels 1.10 insight. With the coronavirus in mind, it can push the nikkei225 up and push down the JPY pairs.
CHFJPY LONGCHFJPY long, looking for price to retest that level so ni can look for long opportunities.
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?
