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Chfjpyshort

CHFJPY facing bearish pressure, potential for further downside!Prices are facing bearish pressure from descending trendline resistance, horizontal swing high resistance in line with 127.2% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Stochastics is also approaching 93.52 resistance level, potential for bounce.
Short
by TradeGATEHub
Nice Short From Resistance LevelA simple trade; Met with daily resistance from the channel's resistance line. The candlesticks are being more than generous this time by showing their act. A good short, increase the stop loss a little more if you want to be more conservative, avoid any RR below 5. Don't go for the take profit near the support channel line because the price can bounce back to a supply zone from the white rectangle as the demand is strong there. Avoid risking more than 0.5% on the trade, apply a good risk management rule. I will try my best to increase our capital by 10% per week. Let's see how it goes.
Short
by VeerForex12
CHFJPY Setting up for a reversal ?Hi Guys ! On the technical side, the CHFJPY is setting up for a nice reversal to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups. Try to catch your trade as high as it possible. There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio. Any strong break to the upside will invalidate the setup. The Risk: As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with this trade and your stop loss is to big for your trading account simply just skip it and wait for another one . For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( Don't read the fundamentals it will confuse you). However if you don't over risk and follow the plan than there is noting to lose in this online business. Trade with care ! Thanks for your support
Short
by kristijanslatinsek
1
CHF/JPY Looking For Shorting OpportunityFX:CHFJPY We will be monitoring price action during the move the upside as the market still has bullish momentum and as soon as the market will shift from bullish to bearish and meet our conditions we will enter a short. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by NCTrading
2
CHFJPY weekly resistance areaHi there, My big view on CHFJPY as follow: CHFJPY is currently printing a weekly corrective wave B. I can't claim that the B wave is over, only if it's makes a new weekly low to break the A wave low then I will be able to say that the B wave is more likely is over. But, as I can see from the weekly chart, the PA is bouncing around the resistance zone (RZ), so I can sell from this zone every time then I see a sell setup.This RZ also can be violated by PA and price can go higher sharply, but as long as it is holding the RZ I am bearish on CHFJPY.
Short
by TradeFx4Fund