CHFJPY SHORT- Break and retest of descending trendline
- Lower Highs, lower lows
- Pullback to 0.618 FIB and 50MA will be looking
to go short
Chfjpyshort
CHFJPY BIG SHORT INCOMING?!ENG
- Price reaching our FIB reversal area, having the ex-supportive trendline as an extra resistance, we are expecting a reversal from this area, however, if we get a break we will be looking for an entry at our HH.
PT
- Preço a alcançar a nossa zona do FIB à qual achamos promissora para um reversal, tendo também a nossa ex-supportive trendline a ajudar como uma resistencia extra, estamos à espera de um reversal nesta area mas em caso de quebra, iríamos procurar nova entrada no HH atual.
CHFJPY, 4-hour timeframe, double top patternBased on the 4hr chart we could see there is a potential double top pattern on this pair.
Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high.
Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop
Sell CHFJPY 114.30-35
Stop loss 114.80
Take profit 1 @113.35
Take profit 2 @112.20
good luck
CHFJPY 113.969 + 0.33 % SHORT IDEAGood Day Everyone
A look at the CHFJPY seems like we are currently confirming a reversal on the patterns the pair has been net long in the last couple of weeks last week we saw that breakout of an ascending channel and looks like we are currently on the verge of retesting that structure before confirming the reversal to the downside looking for shorts on the pair, looking to see how far up can it push before continuation to the down side lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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CHFJPY finishing head and shoulders, going short CHFJPY is in the middle of finishing the right shoulder of a head and shoulders pattern meaning the pair is going to fall. The pair has also just broke below a rising channel and retested it making the upcoming downtrend even more obvious. On top of that on a daily perspective we can see that not only is the pair completing a very common pattern of fall, retracement, and more fall, but the pair has also just retested a supply zone and is now dropping out of it making it even more clear that this pair is going to drop.
Entry @ 113.816
SL @ 114.071
TP @ 113.358
CHFPJY Short (Daily)Here's an idea on CHFPJY.
Wait for the reversal on the resistance zone, and rejection of the supportive trendlone to go short. Target on the @112.150
CHF/JPY : Strong Sell Trade Setup after complete Pullback Sell From Top of the Structure.
we can see big drop in downside.
ThankYou
CHFJPY Short Trade PlanHello traders, here is the trade plan for CHFJPY. For trade entry details please refer to the chart. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
CHF/JPY : Strong Sell Trade Setup after complete Pullbackafter pullback confirmation can strong sell in downside.
ThankYoU
CHFJPY Sell Setup for Swing Trade.CHFJPY Sell Setup for Swing Trade.
Sell Zone Range 113.900 ~114.100
Stop-loss 40-50-Pips.
Take Profit: 112.000 (200-Pips)
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
If somebody missed the last Sell Trade than we have a second plan you could consider.
Previous Analysis Link Also Attached.
CHFJPY beautiful sell setup formingMultitimeframe analysis. on the higher timeframe price has reached the key resistance line (in red).
On a medium timeframe, there is an RSI divergence off the last double top that has formed.
On the shortest timeframe (15 and 1H) price has broken the upwards trendline.
I will be entering with a bigger position than usual on the retest of the short term trend line as this is a picture-perfect setup in my opinion.
Drop to 112 possible as long as resistance holdsSo far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHFJPY SELL Setup for Swing Trade.CHFJPY SELL Setup for Swing Trade.
Sell Zone Range 114.200~114.400
Stop loss 50-Pips.
Take Profit: 113.500 (80-Pips), 112.700 (150+Pips), 112.000 (200+Pips)
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
CHFJPY SELLCHFJPY SELL NOW
TP 1: 113.239
TP 2: 112.720
TP 3: 112.000
SL: 114.800 (76 Pips) In this trade we see a beautiful Double top on the H4, we also see price rejecting of the previous resistance and went into a strong bearish movement. SL is placed above a key level of resistance in case of a reversal. Always use proper risk💯💯
CHFJPY TRADE IDEACHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
