Chfjpyshort
CHFJPY - BIG DROP INBOUNDConsidering entry anytime now, following the shorter timeframes and looking for a potential fakeout of the descending channel and then we could see a triple top formation followed by a massive drop in this pair.
- Profit take at around 137.15 so we are looking at about 4500 pip drop to hit this - I think it'll drop further but we could see some resistance and hesitation around that line.
- Stop loss set at just over 144 in case we see a clear break higher of the previous all time high of 143.75 (Unlikely in my opinion).
Good luck and happy trading!
SELL [CHFJPY] CHFJPY Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's SHORT
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What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Pivot and MA rejection confluence
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
JPY strength ahead during the reminder of 2022: PLANhello, good day to all readers and traders,
Core approach: JPY to strengthen much during H2/2022
Instrument: CHF/JPY FX_IDC:CHFJPY
trade type: POSITIONAL
duration: H2/2022
ingredients: bias, plan and PATIENCE
strategy with CHF/JPY: selling on weekly basis as long > 140 without going too "crazy" with the use of leverage.
simplicity is the core of this positional setup.
Personally, I trade this as a major theme, with various JPY pairs and crosses. with clear and predefined levels.
in case you are interested to trade the 'JPY to get much stronger during H2/2022' theme with various instruments, feel free to contact me and we will manage to generate a PLAN that includes multi asset approach (== OPTIONS) in addition to the FX spot market to cover risk exposure.
good luck 🤞
CHFJPY | TCT24Hi Traders, this is just my ANALYSIS so PLEASE BE RESPONSIBLE with your own Trades. I am posting this as my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime.
I am still a NEWBIE and still in a Learning Process...
FEEL FREE TO LEAVE A COMMENT!
Thank You!
- TCT
CHFJPY | TCT21Hi Traders, this is just my ANALYSIS so PLEASE BE RESPONSIBLE with your own Trades. I am posting this as my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime.
I am still a NEWBIE and still in a Learning Process...
FEEL FREE TO LEAVE A COMMENT!
Thank You!
- TCT
FOLLOW ME: Potential Massive Double Top In The Works For CHF/JPYCHF/JPY has been moving up for a long time and looks like it may be forming a massive top formation.
If this is a double top, it appears we may have a Head & Shoulders formation as well 2nd top.
A close below the neckline of the 4h chart would send us down to the daily support around 139.
A daily close below that would likely then send us down to the 134 area as the double top would then be complete.
CHF/JPY: Shortsetup in the makingCHF/JPY: Shortsetup in the making
> Doubletop formation with falling high in D1
> Lower low and lower high in H4
> Inner trendline broken
> Top range of bearish trendchannel
> POC above current levels
This is a watchlist trade. We would like to see another lower high + outer trendline break to enter short.
Check out our bio!
Meikel & Team WSI
chf/jpy sell oppertunityas we mentioned last day chf jpy rejected from the double top and given us a good bearish drop last night
broke the trend line and back at retesting the broken structure
look for bearish confirmation on lower time frames and short it with proper money management
always remember
patience and discipline is the key in the financial world
chf/jpy sell oppertunitychf jpy is making double top on the main resistance area and its also the all time high of chf jpy
we can expect a strong dead bearish drop in coming days
look for bearish confirmation on lower time frames and short it risk management and discipline
patience is the key to success in financial world
CHFJPY, ready for some dumpsFrom a technical point of view, Price has just manipulated early sellers out of the former support turned resistance at a level just before the daily break of structure to the downside.
After the the high manipulation, we can see a clear structure shift to the downside; ( Further confirming the bears strength)
The most logical thing to do now is to Position for sells tomorrow, And I have marked out a 15min timeframe POI, where I will love to see price manipulating early sellers out again before continuing to the downside.
From last week JPY COT report, we see that commercial institutions are adding more long positions and closing their sell positions! That is an indication that the JPY is getting stronger and and currencies paired against it are going to see some massive sells to the downside! Looking forward to what this idea yields.
Feel free to comment you opinions!
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.
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