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Chfjpyshort

CHF/JPY - Potential For Short Position Current price for CHFJPY is 117.26 and almost 100 pips away from the resistance zone 118.20 - 119.20. Maybe we can see a bullish movement for a while before the price testing the resistance zone (Weekly Timeframe). In fact, the Stochastic shows overbought as well for this pair. Based on the fundamental view, there is not much news on JPY, just one High Impact on Gross Domestic Product (QoQ) news. Trade Idea : Short Sell Limit : 118.20 - 119.20 Take Profit : 114.00 - 115.00 Stop Loss : 50 - 90 pips Disclaimer! This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!
Short
by TwentyTwoTrade
CHFJPY - Wait for a couple of days for a sell opportunityAs you can see the 118.00 area is a major S/R level. The first and second touch were 30 weekly candles apart while the second and third were separated by 31 candles. However the third touch has not quite occurred 99 candles later. It is surely coming soon and I believe we will have a good short set up. I believe the bulls are on their last final push and the 118 area will once again act as resistance. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications of my work. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
CHFJPY Starting To Face BEARISH Pressure...Potential Reversal!!!As we are heading towards the 161.8 fib level as well as a strong resistance level @118.00 price level, today's candle show us a nice BEARISH sign. We could see an early reversal soon for CHFJPY with signs of reversal. From a bollinger band point of view, we can see that a price level is already at the upper band with a nice rejection off it. I will be seeing price level to drop all the way down to 100 fib level as of now, also where a strong support level is at. For now, I will trade the BEARISH movement with additional position when we see it bulling up to the strong resistance level (or 161.8 fib level). Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
1
CHFJPY short trade idea (ROADMAP)a rising wedge pattern gives us a short market bias but we need more evidence before placing any sell order, wait for the price to breakout the support level 1! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3