Chfjpyshort
CHFJPY SWING TRADE WITH PROPER TP & SLCHFJPY
^ Trend-Neutral
^ Tendency- Bearish
^ Upward pressure
^ Key psychological resistance
^ Fundamental supports for CHF
^ Technical supports for JPY
SWING TRADE-CHFJPY
SELL ENTRY
Entry level @ 114.000
Take profit @ 112.100
Stop lose @ 114.510
190 Pips target
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CHFJPY: Quick Move to the Resistance...Possible Rejection!!!Looking at CHFJPY, we can definitely see a strong BULLISH movement for this few days. However, currently what we are seeing is price moving towards a resistance level where I believe a rejection is definitely possible. This lies down to Wednesday or Thursday 's candle where we should be looking out for a clean rejection from here to confirm our BEARISH position.
So why am I seeing a potential rejection from here?
Firstly, according to my support and resistance level I can see that BEARISH pressure is building up for this pair. We can see that several rejections do take place at this level if you were to look at price action of this pair. From a fibonacci point of view, we can see price moving towards 78.2 fib level where we can see a potential rejection from that level. Lastly, ichi cloud shows me an interesting short opportunity if a rejection was to happen here. Having said that, there is also potential possibility of a breakout but we shall not predict such movement rather adapting to it when it comes.
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CHFJPY FORECAST UPDATEPrice is making a correction in lower time frame from the rising wedge pattern, i will be taking short trade in this pair.
Could have taken the trade early in the pattern with great RR but NEVER FOMO ( FEAR OF MISSING OUT ) because there is much more opportunity i can take later on.
* The risk to reward shadow is just an estimate *
CHFJPY - Trend FriendSeveral people will be seeing wick rejections and start thinking this is it, lets buy immediately. The market knows better and will most likely come down to grab liquidity before moving off into our desired direction. I have marked a potential area of interest where you can look to buy, if we get a buy setup at all in these mad markets!
Definitely a good pair to add to the watchlist.
COT Data - 84% Short
CHFJPY SWING TRADE 12-OCT-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
CHFJPY-Technical analysis
⚡️price is well below the 116.00 and key resistance level
⚡️Rising wedge formation is about to end which is a clear sign of Bearish trend
⚡️Swing target would be 114.400
⚡️115.00 Area will act as barrier for bear
⚡️CHFPY has reached the upper side of the Bollinger bands
SWING TRADE -CHFJPY
Sell @ 115.850
Take profit @ 114.420
Stop lose @ 116.370
140 Pips target
Don't risk more than 1% of your capital
CHFJPY - Weekly; Wait for it... Then SELL it hard!!While the SNB is a "currency manipulator" (of the first order), Japan is a wholly owned subsidiary of the BoJ. Still, it's wise to bet on the World's 3rd largest economy versus the World's Vault that is now on fire.
... and this chart is foretelling that exact story!
CHFJPY - Outlook 8 October 2020 - consolidation! Hi all traders,
This is a video analysis on chfjpy.
As always, i have explained some of the levels for the traders to take note of it.
hope you will take note of it and trade only when there's a breakout.
As always, do leave a comment if u have any questions
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CHFJPY ShortChfjpy is forming a rising wedge on a resistance zone .The Previous Monthly candle closed Bearish and engulfed the other candle . My bias for chfjpy is sells. Price is also at the daily trendline .Sells will only become invalide if price breaks to the upside and retests the zone and continues going bullish.
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