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.
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Chfjpyshort
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).
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CHF/JPY in Rising Wedge.Hey, I am back with another Forex analysis this time looking at CHF/JPY.
CHF/JPY is in a rising wedge, which is a bearish formation, so I going to short this pair all the way to 114.500 - 50 pips.
Short when the uptrend is broken, which is so you can even market enter if you are an early bird.
Good luck trading!
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!
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GWBFX
CHF/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Market-Sell: 114,915
Stop-Loss: 115,300
Take-Profit: 114,325
Stop-Loss: 38,5 pips
Risk: 0,5% - 1%
Risk-Reward: 1,56
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Peace and good trades
Irasor
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