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.
Chfjpyshort
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.
CHFJPY H1 SHORT PRICE ACTION FORECAST The Swiss Franc started the Asian session in a strong bullish note breaking through the descending trendline, capturing unexpected traders with this swiftly move.
Reaching a resistance level, where the last two candles at the H1 domain signaling total rejection from the zone mentioned and RSI deep into the overbought territory, allows the setup of a short entry.
The order:
Type: sell-limit
S/L: 20 pips - R:R | 1:2.5 -
T/P: aiming towards the previous resistance level.
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CHFJPY Signal - SELL LIMIT !CHFJPY
Take 1-2% risk of your account capital.
Personal Note:I do not guarantee for a win or loss, my trading style has over 60% win ratio which is phenomenal for a successful trading career. I simply follow the pure knowledge and let market do its own thing. I am not attached to the results, because i know over a set of trades i always become profitable.
Best Regards.
CHFJPY SELL/SHORT DIVERGENCE DAILY + PREVIOUS REVERSAL ZONE In this trade we have multiple confirmations for the Sell/Short:
CHFJPY:
Divergence on Daily
Rejection Near Previous Reversal Zone
Magic Magenta Downtrend
Indexes:
SXY(Showing Signs Of Weakness)
JXY(Showing Signs Of Weakness)
May Do Consolidation Until One Currency is Showing Signs Of Strength
USE PROPER RISK MANAGEMENT
ALL GLORY BE TO THE MOST HIGH
SMILE AND GIVE THANKS
SET AND FORGET!!!
CHFJPY [Weekly Directional Analysis]Simple Analysis on CHFJPY:
Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.
Follow for more Analysis, i have nothing to sell to you but i'm providing more values to the community for free !
Best Regards.
CHFJPY SHORT TRADE SETUP FOR SWING & INTRADAY.CHFJPY SHORT TRADE SETUP FOR SWING & INTRADAY.
It is the slow pair, Patience is the Key.
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 SHORTI think we will get rejected by uptrend trendline, and then continue going lower. I dont care if we broke downtrend channel or not, a close above 113.5-113.6 would make it bullish for me though but its highly unlikely, even if it does 114.5 would be my TP
not a signal whatsoever and dont follow it because I say so I hold no responsibility, its just what I am doing myself if you find it reasonable then do whatever you want.