Chfjpysell
CHFJPY SellWait for a break and retest of level 119.500 to go short with good bearish confirmation on H1.
Reasoning:
Price has made a large bullish move causing imbalance of S&D. Therefore, price is expected to fill in the imbalance.
Price has also rejected trendline and resistance(Blue Line)
Overall trend is still bearish
If trend were to turn bullish, it would have to retest one of the projected take profits (Worst case would be a test of level 119.500)
CHF/JPY SELL signal....VIEW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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CHFJPY Let me remind you that in my previous analysis we got our target. Now price has reached a very strong resistance area also we have seen how nicely JPY pair is showing bullish power. CHFJPY is one of the high probability setup.
- I am looking to sell this pair either from structure level or after counter line broken.
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CHF/JPY New Short Setup To Catch 150 Pips, Lets Catch It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHF/JPY showing bearish price action at the resistance levelCHF/JPY is currently struggling to overcome the resistance at 122.50 area.
The last few candlesticks on the 4H chart indicates some bearishness.
So, based on this bearish price action, traders can consider selling the the resistance
with initial target as shown by the arrow marked in my chart.
CHFJPY - FOREX - 01. MAY. 2021Welcome to our weekly trade setup ( CHFJPY )!
-
1 HOUR
Bearish break below main sr level.
4 HOUR
Expecting further downside pressure..
DAILY
Overall bearish market structure.
-
FOREX SETUP
SELL CHFJPY
ENTRY LEVEL @ 121.930
SL @ 122.450
TP @ 121.190
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CHF/JPY Full Analysis And 2 Setups Available After Confirmation This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions