Chfjpyshort
How to Use A perfect Reversal Chart pattern ?We have a perfect Head And shoulders as a Strong Reversal Chart pattern
To find a best Entry pont we need to wait after Re Test Neckline of H&S
TP = Distance (between Point A and Point B ) = Distance Between Point C ans Point D)
CHFJPYHere is the chart of CHFJPY
Last time we made 500+ pips and this time looking for one more bigger move approx 1000pips
reasons behind this trade :-
1: there is years of strong support
2: there is monthly support
3: index is going to show in weakness in upcoming days(my perspective)
4. We are going to take this trade of breakout
Thank you ❣️ peace
SHORT POSITIONCHF/JPY forecasting the rally and buying the dips at the DEMAND RECTANGLE AREA
CHFJPY is another instrument that has given us trading opportunity lately . The pair is showing impulsive sequences in the cycle from the September 20th low.
Recently this pair have been trending for the past year and some. A pull back into (118.02) we expected STRONG BUYERS.
CHFJPY Short on H&SCHFJPY short off a potential H&S.
long Bull run... its got to turn at some point, and i love a head and shoulders pattern
chfjpy short + Entry point Risky tradechfjpy short + Entry point
elliot wave
hamronic pattern
supplyanddemand
wychoff starts
all are involve
CHFJPY Overall Shortcould possibly see the right shoulder of a head and shoulders pattern forming here. Will be keeping my eyes on this to get into a short position.
CHFJPY Short likely• General movement of the market is bearish so bearish momentum likely to continue
• Price has formed an expanding triangle pattern on the daily chart (price has respected this line 2 times already so likely to respect it again and its on the daily chart which makes it very strong
• Price has also formed an ascending channel on the 1 hour chart which is an indicator of a reversal.
#CHFJPY SHORT TERM SELL OPPORTUNITYIn Daily time frame price is bullish without any doubt but price has reached Daily bullish channel upper boundary and we can also see standard bearish divergence in Daily time frame which gives us more confluence.
As a result of this daily bearish confirmations we saw a bearish move which you can see it in 1H time frame and as a result of this bearish move price structure has shifted to bearish in this time frame.
since then price formed a bullish corrective move which shows us no intention to upside move and for more confluence price formed a shooting star candle stick in 4H time frame and also 1H bearish engulfing candle.
For trading this pair if price failed to create HH in 1H time frame you can then execute your sell position.
Remember this trade opportunity is counter trend trading in Higher time frame and should be manage with extra care.
CHFJPY sell 125.090-125.576 TP 123 - 119JXY on the way up so look to sell xxxJPY.
stoploss 126.224
sell tp
125.576 119.994
125.337 122.019
125.090 123.616
CHFJPY short long term Ascending channel just got completed on the daily timeframe so now we looking for sells long term
CHF/JPY Short3662 free pips for the trade of the year. The market has has completed the weekly correction structure and is now ready for downside. fundamentally we are bearish for both currencies but expecting Swiss to be weaker since JPY is as it lows already
CHFJPY Leans DownwardsHello fellow risk-takers
CHFJPY seems to have fetched sellers' liquidity at its recent high. A bearish pressure may be expected to heavily build up from here onwards. The first conservative target 121.904 promises more than 200 pips from the current price 124.501 and the second profit target can fetch over 400 pips to 120.086. A stoploss above the recent high seems reasonable. Estimated holding period is in weeks for the potential 400-pip move.
Trade well and take care.
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*This information is presented for entertainment purposes only and shouldn't be construed as investment advice.
128 before stronger correctionWe're wrong about this pair this week, the strong bullish conviction shown at the 123.5 level is information that we cannot ignore, there should be more upside coming for this pair but we think price action will be choppy.
BULL CASE
The structure should be complete once price corrects to near the 124.0 levels and after that we are targeting 128 where a stronger resistance will be met.
BEAR CASE
Do not be surprised if we get a stronger correction before the upside comes, it is possible but unlikely that price retest 123 before the bull case is fulfilled.
Waiting for the opportunity to sell with CHFJPYH1 time frame.
Structure: The uptrend was broken after the price completed the head and shoulders pattern and broke the Key level at 123.600.
Here is the confirmation of the downtrend, waiting for the price to pull back to test the trendline and sell opportunities at 124.000.
The profit target is the price zone of 122.600.
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Wish you all have a good trading day!
CHFJPYThe price bounced from a strong resistance area with a break of the channel, I expect the price to go down to the levels shown on the chart.
CHFJPY SHORTCHFJPY is in a range right now and trying to break to either side, on a Daily perspective we have 2 bearish candles in row which could signal for a trend reversal.
We are looking for short entries so for that we need to break the support of the range, as soon as we have a 4Hr candle closing below this support we can look for entries on a retest or wait for a confirmation and enter at 123.00 to catch a nice short.
chfjpy shortafter price make caps on high and bearish candle enq last low in 1 hour time frame we assume price can move to lower level and see lower price
CHFJPY , WAITING FOR SHORTING CHANCE ?From the resistance trend line we observe that we are at a selling ZONE .
the evidence of a pattern ASCENDING CHANNEL .
considering that its the DAILY time frame .
we will look for opportunities to support the anticipation of the SELLING PRESSURE from this position . This will be evident especially on the lower time frame once the market shifts from bearish market to a bearish market .OUR ENTRY TIME FRAMES ARE THE INTRADAYY TRADES TIMELINES .
Dump confirmed for CHFJPYThe yen pairs across the board took a dump in the markets this week, ending the multiple week bull run. We should see farther downside action from here but the road will be bumpy.
BEAR CASE
The market should give us another move down after a short term upward correction early next week. We're targeting 123.5 before we consolidate and think of our next move
Obvious pattern forming for CHFJPYThe CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short.
BEAR CASE
We will wait for price to retest 125 before going in for a short
BULL CASE
Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.
CHFJPY Short likelyReasons for entering a short trade:
• Price is currently at a corrective state which has formed an ascending channel this could also be viewed as a bearish flag
• 90% rule of a channel
• Downward trend followed by correction so downward trend likely to continue
• At an area of strong daily resistance
