Chfjpyshort
Possible short Opportunity hereIt looks like a good place for another short squeeze, but this time in CHF/JPY. What bothers me the most is the candles on the OANDA desktop app are different than those on the Tradingview. So with that being said. They are about an hour's difference. While keeping that in mind this influences my trades due to the fact that I try to make them within 10 mins of the start of a 4-hour bar. This would make them in the last 50 mins of the ending of a bar. On trading view. But anyways the trade is in with Stops, trailing and TP. I will see where this goes.
CHFJPY--Weekly Market Outlook from 06 to 10 April 2020Follow me for more update and Analysis.
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BOILING!All I seem to be doing is shorting atm lol!.
I believe we will have one more push to 114.200 before we see the real drop! a nice big wick up to wipe out all the people that have already moved stop losses to break even maybe?. There is lovely amounts of liquidity in the top zone but for me we haven't touched that 114.200 which has easily been met before in this month and last month too. I only enter upon optimal entry. I'd rather sit back and watch it play out rather than enter now.
Very tight trading channel! we have seen this pattern across most JPY pairs this week which have now broken out and fallen below, just check my other jpy trades I took this week. This pair could just be lagging as they are both seen as safe heavens during times like these but I do believe this pair will follow what eurjpy and usdjpy have done.
S/R zones look good! very tight rising wedge looks goood and the magic fib all looks good too!
CHF/JPY : Strong Sell Trade PlanAscending type pattern Formation , looks like a good sell trade setup.
ThankYou
This is one of the main ways I trade (good for beginners) Happy Sunday!
Please go easy on me for my first video;) I have had good responses to my ideas and even been requested to do a breakdown on how I trade. I hope you all find that this video makes sense and you don't find it boring!. This is a pair that I am eyeing up for this week, obviously the video breaks down as to why I will be taking this trade.
I like to trade the basic fundamentals, I sometimes use ema's but that's about it! clean, raw and basic charts without all the unnecessary indicators and flashy lights is the best way!.
Hope beginners can take away new ideas from this and if people like I can do another one.
Entry 114.200
SL 114.750
TP 111.500
CHFJPY SELL PREDICTIONANALYSIS-
1. PRICE TOUCHING KEY WEEKLY RESISTANCE LEVEL
2. WAITING FOR BREAK OF ASCENDING TREND LINE AND RETEST ON 4HOUR TIMEFRAME
3. DOWNTREND ON WEEKLY TIMEFRAME
CHFJPY is due a sell offlarge trading structure similar to EURJPY is being respected, we could expect a break of this structure to the lower side in the long run.
CHFJPY. The price will soon fall, you need to wait for entry intHello dear subscription!
The price of the Swiss franc will fall as soon as it reaches the sell zone.
The key level is the target.
Good luck to you.
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This idea does not provide the financial advice.
