Chfjpyshort
CHF/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation!
CHF/JPY: DaySwingtrade-preparation
Market-Sell: 115,240
Stop-Loss: 115,690
Target 1: 114,730
Target 2: 114,380
Target 3: 113,830
Stop-Loss: 45 pips
Risk: 0,5% -1%
Risk-Reward: 3,0
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Peace and good trades
Irasor
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CHFJPY, daily tf, sell trend line retestHello my friends,
For today i am gonna trade JPY crosses pairs, as the US election could trigger risk-off sentiment.
It looks like we could see it goes wild with current development.
To keep it simple, we will only focus on the price action.
Price already broken below the ascending trend line and now retesting it.
I've marked the horizontal support and resistance as well.
This 114.60 area is an area of confluences as there is horizontal and EMA resistances.
You could clearly see some selling pressure here as the last candle stick looks like a bearish pinbar candle.
Sell CHFJPY 114.60
Stop loss 115.10
Take profit 113.25
RR ratio 1 : 2.5 (2.5R)
Use only 1-2% risk
Good luck
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
💌 Leave your valuable comments and suggestions related to this idea in the comment section.
Thanks for your time. Good day guys 💝
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 *