Get started

Chfjpyshort

CHF/JPY SELLCHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure. I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area . Therefore continuing with the ranging market structure . Adding on to the confluence , I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price . This is shown by the Orange path drawn
Short
by wookyu2001
1
CHFJPY - Shift of Momentum (Short)Hi Traders I am currently watching CHFJPY as it is providing a very interesting price action setup. With the recent rejection of the structure level the momentum has shifted to bearish. I am expecting a continuation to the downside. An entry scenario requires a clear push below the current support level. I will place my sell limit at that very level, expecting a re-test. My trading plan requires a minimum 1:2 RR. Once the price hits 1R (dashed line) the stop loss will be moved to break-even. Let me know what you think in the comments below. Good luck!
Short
by TFLOfficial
2
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