Chfjpysetup
Drop to 112 possible as long as resistance holdsSo far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHFJPY TRADE IDEACHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
CHFJPY long trade on pullbackHello traders,
We have had a nice short trade earlier on this pair and now after the pullback we have spotted a nice bullish engulfing candle which suggests that we should see further upside movements. I have gone long on this and marked the entry point, sl and tp for you as well.
Ultimately I think it should make a double top before deciding further direction.
Let me know what you think.
Trade safe and good luck.
CHFJPY short for 120 pips.Nice setup this. After a decent push up we are expecting some retracement if not a complete reversal. CHF weakness should also help the cause. Price action is at a major level and we have seen bearish engulfing candle printed on the 4h chart.
I have gone short on this and marked tp and sl for you as well.
Trade safe and good luck.
CHFJPY--Bigger Chat market View--Potential Sell MoveHy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.this is not signal. it's my opinion. trade you own risk.
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chfjpy trade setupthere is both ascendinf triangle on 4h chart and a bullish butterfly on daily chart. daily closing is important. blue box is the descendind triangle target. I will update the chart (butterfly tp) if it reaches the prz zone.first I open the short position first , the if it reach the blue lines I will look for a long position
CHFJPY technicaly based forecast
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💡 CHFJPY technicaly based idea, we can see price is bounce from up trend line, candels foramtion is good bearish, technicaly indicators showing we can expect higher push down in price, expecting to see push down in price till bottom trend line.
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