CHFJPY Double Top Bearish Divergence 1H TFCHFJPY instrument shows bearish divergence with double top reversal pattern at 1H TF. I draw three support as S1, S2 and S3. S2 support is exactly at TP1. Therefore, TP1 has huge probability of test. TP2 project lies between S2 and S3. I took a trade, but not hopefully that my TP2 will get hit. If gets hit, i think the instrument might retest the S3 support.
JPY (Japanese Yen)
CHF/JPY Multi-Timeframe & Order Flow AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
CHF/JPY Looking For Short Opportunity CHFJPYAs we can see, the market is currently testing Fibonacci retracement to the 0.618 level.
The 0.618 is also standing on a strong market structure of resistance which we can expect the market to reject in the short term.
We will approach this trading opportunity by monitoring price action during the move to the upside as the market still has bullish momentum and as soon as the market shifts from bullish to bearish and meet our trading conditions we will enter a short.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
USDJPY I Local short from resistance zoneWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHFJPY - MASSIVE 280pips RUN Incoming!// THE DIRECTION //
CHFJPY direction is currently SHORT - TERM BULLISH (Reason - PA is coming from a DT formation, a retracement is needed. )
// #1 ENTRY // -: Enter on the break of the BL (Baseline) to the UPSIDE.
// #2 Entry // -: Enter around the PW.5 (PWH/L Mid point) Line is on the chart.
// INVALIDATION //
Exit when price close below the Invalidation line on H4
I will post money making trades like this everyday.
CHFJPY I Intraday short opportunityWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 144.100 zone. CHFJPY is approaching an important support and resistance zone of 144.2, once the rejection is confirmed i would set 141.500 zone of the trend as a target as it's considered the next major support zone CHFJPY will be facing.
Trade safe, Joe.
CHFJPY INVERTED CUP AND HANDLE BEARISH TREND CHFJPY Inverted Cup and Handle Bearish Continuation Trend.
There seems to be no Divergence at RSI at the inverted Cup and Handle so it seems to carry on as downward continuation pattern.
Our Entry will be at the bottom end of the inverted cup and using Sell Stop Order i.e. Entry Price 140.791
Our Stop Loss will be the top of the Handle i.e. 142.626
Our TP1 will be the Diagnal length of the cup in total but we use our TP1 same as our stop loss i.e. TP1 138.931
Our TP2 will be TP2 i.e. 137.039
OUR LOT SIZE IS 0.07
CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵
CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.
The price formed a double top pattern on that and broke its neckline.
Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363
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CHFJPY SELL SETUPHet Traders,
Check this analysis out, there are two ways CHFJPY could plays it's sell off out.
Currently the par is making an inverse head and shoulder pattern which could ultimately result to the pair pushing back to retest the upper boundary of the current channel. Where a sell order will be awaiting it.
Or the price can make a quick trip to retest the supply level and then follow by a sharp rebound to the downside.
Still worthy of watching out.
CHFJPY: Bearish outlookThe CHFJPY currency pair is currently encountering resistance at the 144.205 level, where previous selling activity suggests a potential drop in value. This outlook is further corroborated by the emergence of a well-formed harmonic reversal pattern, specifically a bearish butterfly. Moreover, a bearish engulfing candlestick pattern materialized on the weekly chart on March 12th, while a bearish doji star pattern on the M30 timeframe exhibited strong bearish pressure within the 144.207-144.083 region.
Based on this analysis, a short position in the CHFJPY pair appears valid (though the monthly candle is currently bullish), with a short-term target set at 143.245 and a medium-term target at the initial support zone.
CHFJPY BIAS: STRONG SELLTake the sell ride with the bears and make a cool buck from the CHFJPY pair this morning. After the price has broken the trend line and the brake of the structure has happened, a bearish pin bar has finally formed at the second lower high (second structure) in the 30m timeframe, signaling a dell opportunity.
Timeframe: m30 and H1.
Signal: Sell signal
Strategy: a bearish pin bar.
Exit: 141:505
Entry: Market
Stop lose: 143: 185
Shalom.
Buy CHFJPY SW 230323 9.40📌📌Signal Buy CHFJPY 📌📌
Link :
📍📍Open order 142.6
Buy lim 1 141.65
Buy lim 2 140.9
Buy lim 3 140.2
Buy lim 4 139
Buy lim 5 138
Tp 144.5
Sl 136.5
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
CHFJPY on a critical Support from 2021The CHFJPY pair almost made contact 2 days ago on the September 20 2021 Higher Lows trend-line and is so far seen rebounding. So far today this is contained on the 1D MA200 (orange trend-line). As long as Support 1 (140.200) holds, we are buying targeting just below Resistance 1 at 147.500. If the Higher Lows trend-line breaks, we will close in loss and go short instead, targeting the 0.5 Fibonacci level at 134.500.
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