Chfjpyshort
chfjpy short - Risky tradeit formed a clean channel pattern
expect it to form a double bottom in the heavy resistance area before reversing
in 15MTF formed a triangle pattern if it broken above the pattern it can shoot up to 127 in upcoming days
for now it looks bearish to me
keep a small s.l
1:3 RR
CHF/JPY 2 Entries Running In 250 Pips 0 Drawdown, New Update NowThis 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.
CHFJPY will continue its bearish move -200 PIPS OPPORTUNITYCHFJPY is in a downtrend and is expected to continue it, with a bearish engulfing candle on H4 it provides a confirmation , there are two possible scenarios in this case.
Scenario #1:
it will continue its bearsih move.
Sell CHFJPY if H1 closes below 139.35, take profit: 137.50, stoploss: 140.80
Scenario#2:
pair might retrace an test trendline resistance around 140.20 area.
Sell around 140.20 area , takeprofit: 137.50, stoploss:140.80
CHFJPY - Sell - Head & Shoulders PatternCHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline.
Entry: 140.000
Just at the neck line
Stop Loss. 140.823
Above the neckline and at above recent support resistance area. If price takes out this stop, can look for re-entry if setup is still valid.
TP: 136.845
I have set various key levels to take profit, the last take profit being at a level which meets a recent area of support and also in the zone of the distance between head and neckline.
CHFJPY AS I TOLD YOU BEFORE!!Hello traders! CLICK THE LINK BELOW TO CHECK MY PREVIOUS ANALYSIS ON CHFJPY & HOW I PLANNED THE EXECUTION.
As I posted before on CHFJPY :
CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area.
Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position.
Patience is key on this pair & do not rush your trade.
Be relaxed since the price is in a great area.
On 30 June, I took a 15 mins bearish flag (short position) and moved to breakeven when the price reached 142.208 (touched the lower TL of the 1H chart).
I am currently running at 11% and will consider locking when the price reach the lower rejection line / trendline (139.157 - 138.560 area)
Patience is key.
#THEPRIMES
CHF/JPY Running In 100 Pips 0Drawdown , New Entry Added 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 Full Analysis , My Opinion About When We Can Sell 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
CHFJPY Set UpPrice retraced to .50 on fib and fell to support. Not that a clear LH has been created, I can confirm downtrend and now we wait for the price to break below support. A retest if the price breaks below support will be another lower high and possibly be the 3rd touch of the trend-line. Let's see what happens.
DeGRAM | CHFJPY compression channelCHFJPY made a sharp move down and tested a resistance level.
Price action also made a false break of that level.
We anticipate a break in the compression channel and a downward move.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!