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Chf-jpy

CHFJPY approaching resistance, potential drop!Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching resistance and we might see a corresponding drop in price if it reacts off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching support, potential bounce!CHFJPY is approaching our first support at 111.94 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 113.42 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). RSI (34) is also approaching its support where we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 112.27 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.52 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) and a breakout below our intermediate support at 111.02 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target. Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) and a breakout below our intermediate support at 111.02 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target. Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
2
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.28 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 111.04 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) might provide the bearish acceleration to our major support level. Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.26 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 112.27 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension). RSI (55) is also approaching our major support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our resistance where a reaction below the level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 112.36 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.26 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is approaching resistance we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by ICmarkets
2
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Tickmill
CHFJPY approaching support, potential bounce! CHFJPY is approaching our first support at 110.28 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce could occur above this level, pushing price up to our major resistance at 11.42 (horizonal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) Stochastic (55,5,3) is also bouncing off our support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
2
CHFJPY approaching resistance, potential drop! Price is approaching our first resistance at 111.16 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.24 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CHFJPY approaching resistance, potential drop! CHFJPY is approaching our first resistance at 111.16 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 110.24 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CHFJPY Reversed Nicely Off Resistance, Prepare For A Drop!Sell below 110.74. Stop loss 111.81. Take profit at 109.70. Reason for the trading strategy (technically): CHFJPY reversed nicely off its resistance at 110.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a drop to its support at 109.70 (78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (21, 5, 3) is approaching its resistance at 92% where a corresponding reaction could occur.
Short
by theforexarmy
CHFJPY - SETUP - WEEKLY CONTINUATION - 19 JUNEWELCOME TO DACAPITAL TRADING!! EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bearish movement below previous week low DAILY 112.000 DKL Taken out with a instant downside reaction WEEKLY Market very sideways in weekly finally trying to push out LEVELS SHORT @ 110.505 SL @ 110.939 TP1 @ 110.082 TP2 @ 109.865 TP3 @ 109.654 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
5