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Chfjpyshort

CHF/JPY AnalysisWelcome back! Please support this idea with a LIKE if you find it useful. *** CHF/JPY - Play the recorded analysis and comment below with your thoughts or questions! Thanks for growing the community! :) We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy
CHFJPY Will the 5 year old history repeat itself? 15Feb, 2021The region around 117.660 has been a line in the sand for the last +5 years. Every time price gets to this region, it promptly reverses course. Sometimes, it does break though for a short distance (creating a false break) but very impulsively, it falls right back. Let’s take a look at the recent price action on the daily chart. You can see 12 attempts to break through in the last 6 weeks. The PA on Fri 12 Feb indicates yet another clear rejection of the bulls' attempt to take price higher. Nothing in trading is a 100%, it is all about playing the probabilities and making sure that the risk in a trade is justified by the profit potential. Even with an ultra-conservative target, there is +3R available. If this works out, I can see a much lower target with an extremely attractive profit potential. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
CHFJPY: Is the Price COLLAPSING AGAIN? (Possible Scenario)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CHF/JPY ⚪ Technical Analysis : Since December 2020, the price has been moving with a side trend, keeping the price between the resistance zone at about 118.000 and the support zone at about 116.200. A couple of days ago it reached again the main resistance, failing the attempt to break the level and starting falling down with a strong downbar. The price is currently showing us a possible bearish signal and the next daily session will be essential to understand properly the next market movement. 🔴 Conclusion : The daily session closed with an interesting pinbar, the price is overbought and got a rejection on the support area. I'm confident then, to see the price getting an upcoming bearish movement until its next support zone. I'll be waiting the next h4 session before eventually start planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
8
CHF/JPY to RetraceDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. This is one of the lesser affected currency pairings as they are both safe haven currencies, but CHF is more so than JPY, that is why it moved in the direction it did. From here we can expect this to retrace down to support to at least the 0.382 Fibonacci level which aligns with the previous resistance level. This could climb a bit higher before turning back, I have marked out the previous peak with the blue line, this is where this could reach before turning back but I expect it to turn back before this level. Wait for the confirmation of a pullback before entering the trade, use MACD and EMA's and 1HR timeframe to see a sign of a retrace before shorting.
Short
by olly48