Chfjpysell
ANOTHER RETEST BEFORE WE DROP AGAIN?CHFJPY has been a pretty bearish pair and at the moment, price is showing potential to re-test the zone i have marked at the grey price level before falling again. Bear in mind that price has been bearish for quite a while so we may be nearing the end of this bearish trend In that case, Price also has the potential to move up bullish to our stop loss.
CHFJPY approaching support, potential for a bounce!
CHFJPY is expected to drop to 1st support at 108.184 where it could potentially react off and up to 1st resistance at 108.624.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SELL CHFJPY AT 109.398 We saw price break bearish and break below the plotted trend line, currently price is trading bullish and will most likely re-test the marked level as well the trend line before continuing bearish to our target.
Stop loss is marked at -140 pips so manage risk accordingly.
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Analysis of CHFJPY 23.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 108.00
• Take Profit Level: 107.60 (40 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 108.90
• Take Profit Level: 109.20 (30 pips)
GOLD
A possible long position at the breakout of the level 1508.00
USDJPY
A possible long position at the breakout of the level 106.70
EURUSD
A possible short position in the breakdown of the level 1.1050
GBPUSD
A possible long position at the breakout of the level 1.2275
CHFJPY approaching support, potential for a bounce!
CHFJPY is expected to drop to 1st support at 107.981 where it could potentially react off and up to 1st resistance at 109.013.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FREE ANALYSIS ON CHFJPY - time for the bearsFREE ANALYSIS ON CHFJPY
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15 Min
Bearish Momentum found here. Price below all 3MA's.
1 HOUR
Price has just broke down the trendline and also tested it again. We can also see price breaking down off the MA 200 also. Expecting further down on this pair
4 HOUR
We are currently seeing a retracement of the recent bear run which started 30th June. Price broke down the 27day MA and the 100 MA's. Price did test the 200 MA and was rejected. we are now expecting price to test and break this MA 200 level for further bearish momentum.
OVERALL
Expecting more sell. see chart for TP expectations.
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CHFJPY approaching resistance, look out for potential reversal!
CHFJPY is approaching its resistance at 109.564 where it is could reverse down to its support at 109.145.
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