Chfjpysell
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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FREE ANALYSIS ON CHFJPY - 26/06/19Welcome to @SiriusTrading, Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and dont forget to LIKE :)
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30 Min
This time Frame is supporting a bearish move. Price could test previous top before continuing down
2 HOUR
We are seeing a correction of price from the previous bearish move which started 12th April. Also Price is testing the Fib retracement level of 61.8%
4 HOUR
Bearish and its imminent. Thou Price is above WMA100, EMA150 and MA200 which could suggest a bullish move, i am still expecting a move down. wait for break in black line before joining in. 2 types of bearish divergence also found.
OVERALL
Expecting Price to drop
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See previous analysis
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POTENTIAL FOR CHFJPY TO MOVE BEARISH In my previous post i highlighted that CHFJPY had the potential to continue moving bearish. However since then , price moved higher than anticipated and is currently trading at 0.618 fib retracement level of the entire bearish move downward. I see potential for this pair to continue moving bearish as it is currently testing and trading a daily trendline with bearish divergence evident. Having said that, the Swiss Franc has also reached a critical point of resistance from where we may see price move down bearish.
I will be keeping an eye on price action and how the close of the 4hr candle.
Green line - TP
Red line - SL
Grey line - Entry
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CHF/JPY - Day TradeCHF/JPY pullback short sell.
Obviously, this is a day trade and we might close it before it even reaches TP. Also, risk twice as less as you usually do.
This is shorting the long trend pullback which I don't normally do because the trend is bullish. But in short term/day trade, if you get a ppotential entry, then why not take it.
CHFJPY - UPCOMING WEEK - DONT MISS ITCHFJPY is approaching its resistance at 110.753 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 108.421
Watch out for the break in the black trend line as this could leads us back to its support of 108.421
See previous analysis
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FOREX: CHFJPY - SWING - 07. JAN. 2018WELCOME TO DACAPITAL-TRADING!
CHFJPY FOREX BREAKDOWN 07 JANUARY 2018
1 HOUR
Very bearish market with several small pullbacks
4 HOUR
Incredible pressure and takeout of previous lows
DAILY
Pullback yesterday of over 50-61.80% Fib previous H4 Wave
LEVELS
(Please split your Position to 3 small ones for perfect entrys!)
SELL CHFJPY
1ST @ 109.350
2ND @ 109.600
3RD @ 109.880
SL @ 111.640 (200 Pips)
TP @ 106.990 (260 Pips)
RR: 1.30, Use smaller risk big position!!
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