Chfjpyshort
CHFJPY - AMD Pattern Confirmation ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Here we have AMD Pattern Confirmation and also price formed normal divergence + rejected from institutional big figure 142.000. I expect price to distribute even lower.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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The week of 23 Jan CHFJPY – Opportunity to grab +1300 pips … butBut do you have the discipline and patience??
This pair has been rising since June 2021 but things may be changing now. As my daily chart shows, price has crossed below the 200 SMA and has just retested it from below. Also important is the fact that it has been rejected with a nice pin bar on a daily basis. It is not the nicest looking downtrend but the sequence of lower highs and lower lows is very much present. We have enough evidence that the market is not accepting high prices.
As I said above, there is the potential of more than a thousand pips here. But holding on for a long period is not easy, it requires:
- a wide stop loss say +300 pips (to be above 143.10)
- total belief in this trade for a few months.
- the ability to see the market go against you multiple times.
- patience to hold the trade for an extended period of time.
- overcome the urge to move the stop to break even too early.
If you can do all that, this may be a great opportunity to obtain massive profits. This may be an early stage of a downtrend and if it continues and strengthens, it could last a long time. Otherwise, hold that bearish bias for several months and look to take multiple smaller trades as this pair makes its way to the downside.
Nothing is 100% in trading, but I have a high degree of confidence in this trade.
As always, use sound money and risk management and stay patient in all your trades.
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What do you think about this trade idea? Please comment and share your thoughts!!
Going short on CHFJPY! Happy Sunday!!
This week we are starting off with a sell on CHFJPY! As you can see from the chart we are seeing rejection at the 140.970 area. We have placed a sell in hopes of seeing price hit the previous support area 137.745 area! Only downside would be if price were to continue to the up side! But only time will tell!
Let me know your thoughts!
Thank you!
CHFJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on CHFJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional big figure 143.000.
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CHFJPY H4: Bearish outlook seen, further downside below 142.20On the H4 time frame, prices are showing bearish market structure with lower lows and lower highs being formed. A pullback to the resistance zone at 142.20, in line with the graphical resistance zone and Fibonacci confluence levels could present an opportunity to play the drop to the support zone at 137.50. Prices are holding below a descending channel as well and stochastic is facing bearish pressure from its resistance and an exit of the overbought region could signal more downside in prices.
CHFJPY - Retracement expected ✅Hello traders!
‼️ This is my analysis on CHFJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalances higher then to reject from bearish orderblock.
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CHFJPY Trading Plan - 9/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect CHFJPY to go Down from these levels.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
20 reasons for Sell CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: 1979 to 2023, about 40 years double top
2 📆Monthly: A clean uptrend but now in the corrective mood
3 📅Weekly: structurally market is in downtrend
4 🕛Daily: a clean downtrend toward monthly retracement targets
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: flag
7: 3 Volume: biggest bearish volume
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways
9: 5 Volatility measure Bollinger bands: middle band retracement
10: 6 Strength ADX: bears are in strength
11: 7 Sentiment ROC: joy is in strength
✔️ Entry Time Frame: H4
12: Entry TF Structure: bear
13: entry move: waiting impulse
14: Support resistance base: imbalance area
15: FIB: trigger event fill occurred
☑️ final comments: sell
16: 💡decision: sell pending order
17: 🚀Entry: 142.490
18: ✋Stop losel: 144.970
19: 🎯Take profit: 134,570
20: 😊Risk to reward Ratio: 1:4
🕛 Excepted Duration: 10 days
chf/jpyLooking here at chf/jpy im anticipating price to continue in this downward direction and at minimum retest previous support area, Now price can break and continue down to go create a lower low, it would be recommended to take partials and move stops into Profit when trade is running 45+pips
Disclaimer- information share is not investment advice, i am simply sharing my opinion on a currency and all information shared is for educational and demo purposes only!
CHFJPY - Short from here ✅Hello traders!
‼️ This is my analysis of CHFJPY .
As I expected in my previous analysis the price did a retracement and now I see bearish price action as price filled the imbalance and rejected from bearish orderblock + institutional mid figure 146.500.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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